Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming Budget to promote growth of the country's outbound shipments.
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.
India s exports likely to pick up in New Year
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
PTI | December 31, 2020 | Updated 13:10 IST
In October, the World Trade Organisation (WTO) forecasted a 9.2 per cent decline in the volume of world merchandise trade for 2020, followed by a 7.2 per cent rise in 2021
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.
After pandemic blows in 2020, exports may rebound in new year
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. PTI December 31, 2020 / 12:29 PM IST
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.