Counting hits and misses of India’s Foreign Trade Policy
Updated Nov 29, 2021 03:34 am
- In what is a rare positive news coming out of the Indian economy, Indian exports are showing a promising growth despite an ongoing pandemic. The Union Commerce and Industry Minister Piyush Goyal reaffirmed last month that exports from India were on track for hitting the ambitious target of $400 billion set for 2021-22, amounting to a 37% growth over the last year’s figure.
- This remarkable surge, when seen against a subdued domestic sentiment and equally sluggish demand explains why most businesses in India are keenly awaiting the new foreign trade policy, now expected to be announced in April next year.
foreign trade policy