RAVI KABRA

Exports in May shrank 36.47% to $19.05 billion against a 60% contraction in April, which was largely due to overseas orders’ cancellation. NEW DELHI: The pace of contraction of India’s exports slowed in May as relaxations in the lockdown to contain the Covid-19 pandemic led to some pick up in economic activity. The government expects...

An 11-year low trade deficit is portending a current account surplus for India in FY21. For an emerging economy characterized by a perennial demand constraint, this surplus is unwanted. What it shows is that demand has collapsed. In the wake of the pandemic, the deep contraction in imports for two months is just another sign...

A look at the export numbers of April offer a peek into the grim reality: a narrative of falling numbers, negative growth and an uncertain future. Official numbers pegged the drop of merchandise exports in April to a sharp 60.28% at $10.36 billion. Iron Ore and Drugs & Pharmaceuticals had been the only bright spot...