In March, India achieved the target of $400 bn in exports even before the fiscal ended. It had achieved the last fiscal high in 2018, when it recorded exports worth $330 bn. Clearly, India’s export sector, plagued by a decade of lackluster performance, is on a roll and has beaten the pandemic.
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Make In America Challenge For India
After a decade of weak exports, India achieved a record in merchandise exports in FY22. Can Joe Biden’s plan to shift manufacturing back to the US be a dampener?