Posted on October 11, 2021

The Reserve Bank of India stated that – while exports have been encouraging and merchandise trade have rebounded – rising freight prices continue to pose a challenge.

“Buoyed by strong external demand and base effects, exports registered a sharp expansion in Q1:2021-22 and the buoyancy continued to Q2. Merchandise imports also rebounded strongly on the back of the recovery in domestic demand, higher crude oil prices and base effects,” the report read.

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