Daily O

Why exports hold key to accelerating India's growth

To achieve more than 7 per cent growth rate, India needs to benefit from the growing world markets through exports.

India’s export growth has stagnated since 2012 but turned negative in last few years. Though there is an early sign of recovery with 15 per cent increase in goods’ exports in 2017-18, India is still far from its potential, particularly when world market is reviving and exports of other emerging countries are going up.

Economic Survey 2017-18 rightly puts forward the point that export is one of the main drivers of growth and can upscale India’s growth rate by 0.5 per cent in FY 2018. Therefore, if Indian economy has to achieve 7.5 per cent to 8 per cent

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