Amid global headwinds, Indian exporters hope to tide over slowdown

Say India is better placed even as exports decline

India’s merchandise exports witnessed a 1.15 per cent year-on-year (YoY) decline in August, following a slowdown in external demand for engineering goods, textiles, gems and jewellery, as well as plastic products, preliminary trade data from the commerce department showed.

Industry officials and experts said geopolitical risks triggered by the Russia-Ukraine conflict are weighing on India’s exports, which recovered from the Covid pandemic shock and consistently remained robust for over a year.

Weak demand from India’s some of the biggest export markets, such as China, the European Union, and the United States, due to a slowdown in these regions and high