Shumita Sharma Deveshwar

Director, India Research
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India: Falling exports reflect broader challenges to economic recovery

Overview

India’s exports are slumping and the near-term outlook for a recovery is weak. The global growth slowdown and the decline in crude oil prices have hurt exports of refined petroleum products, and the devaluation of the yuan is eroding the rupee’s competitiveness. The expected 13 per cent drop in merchandise exports in FY16 to US$270 billion will cut exports to their lowest level since the global financial crisis of FY09. This has negative implications for a broader Indian economic...

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