To some extent, exports are perhaps the only helping hand available to the Indian economy in the short term. That leaves the economy with two important levers—government spending and exports. “Among the components of growth, yes exports are looking up because global growth is looking up and external factors are in favour. Sans the base effect smoke, GDP growth in FY22 would be just 1.5-2% higher than FY20. To be sure, even when its share to GDP growth was high, exports were just 20% of GDP.

Source: Mint August 17, 2021 17:08 UTC