Exporters hopeful of recovery after pandemic blows in 2020
PTI
New Delhi: After being severely hit by the COVID-19 pandemic this year, the country’s exports growth is expected to rebound in 2021 on the back of recovery in economic activities and demand worldwide.
However, the uncertain global trade situation due to rising protectionism, which adversely impacted exports in 2019, could have a bearing on the country’s outbound shipments in the coming months.
Exporters’ community is hopeful that outbound shipments would start recording healthy growth rates from April 2021, helped by growth in demand in developed as well as developing countries, and effective COVID-19 vaccines that may bring life back on track the world over.