Exporters need to be receptive towards impact of recession: FM Sitharaman

She also revealed that petrol, diesel can be included in GST once states agree

The global slowdown and a possible recession in the West could be a challenge for India’s trade, said finance minister Nirmala Sitharaman on Wednesday. She urged exporters to actively engage with the Centre to insulate themselves from any negative impacts.

The FM was speaking at multiple post-Budget interactions with various industry bodies. She added that the long-pending reforms of including petroleum products under the goods and services tax (GST) could take place once there is consensus among states.

“Indian exporters have to be far more receptive of what is happening there (globally) or even foresee how it will pan out