Exports are important for sustained economic growth. Many of the fastest growing economies of the past few decades have always recorded high exports growth. Exports have many positive spillovers on a domestic economy. Apart from increasing foreign exchange reserves, exports boost competitiveness, promote investments, generate linkage with the global economy, increase employment, and can also help in upgradation of skills.
This report sheds light on the international trade scenario, India’s exports story, what are the challenges faced by Indian exporters, and also suggests some recommendations for India’s exports strategy.
It was unveiled at the CII Exports Summit 2019 held on 17th December 2019 at New Delhi.