Export

  • Due to global weak demand, India’s exports have contracted by -4.8%.
  • As the public health crisis cause risk to the global demand, de-growth in exports is expected to extend to FY21 as well.
  • Lower commodity prices and weak INR is expected to keep the earning low.
  • On the flip side, healthy food grain production in rabi crops is expected to give a fillip to the agro-commodity exports.
  • Considering all these factors, we are expecting the exports to further sink by 6.7% during the current fiscal year.