The Finance minister of India has announced a series of measures to boost exports.
Since the beginning of the decade, exports from India have grown at an annual average of just 4%. Recovery has been intermittent. In the previous financial year, exports grew by an unsatisfactory 8%.
During the first five months of the current financial year, exports have declined by nearly 2% on a year-on-year basis. Indian exporters may face serious difficulties in the future.