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Crisil reported that revenue from export of shrimps is expected to dart up 20% on-year to about $4.3 billion in calendar 2021, driven by a revival in demand and restoration of supply chains that were disrupted last year by the Covid-19 pandemic. That should help India wrest global leadership in shrimp exports after slipping to the second spot in calendar 2020, a study of 97 CRISIL-rated exporters, accounting for over two-thirds of the industry’s revenue, shows. In calendar 2020, lockdowns and supply-chain disruptions meant exports declined to $3.6 billion from $4.7 billion in 2019. Ecuador edged past India with $3.7 billion exports because it had fewer logistical snafus and focused on catering to the voracious appetite in China for raw shrimps. ....
"We see India s ready-made garments (RMG) sector growing at 15-20 per cent in this fiscal, almost half the 28-33 per cent expected earlier," Crisil Research said in a report. ....
Photo Credit: IANS IANSLive Mumbai, June 2 (IANS) India s diamond exports are expected to shimmer past the $20 billion watermark this fiscal, with demand rebounding after the first wave of the Covid-19 pandemic.
It will also support build-up of healthcare infrastructure, mainly oxygen availability, in tier-2 and beyond cities and the hinterland, the report by leading credit ratings agency Crisil said. ....