As tightening monetary policies slow Western economies, Indian exports face an arduous road ahead
Starting in March, month-on-month numbers started slowing from their peak of $42.2 billion. It is now clear that exporters are facing hurdles on account of the slowdown in the developed world
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As India’s trading partners opened up for business, the country’s merchandise exports recovered rapidly in 2021. But as tightening monetary policies aim to slow Western economies, India’s exports have begun to feel the heat.