3Prospects of export growth remain weak for 2019-20 if status quo is maintained. However, reorientation of export policies to target countries/markets based on our own relative comparative advantage and the importing country’s exposure to Indian goods can foster export performance. Under status quo, the outlook for the global economy is bleak in 2019, with most of the countries projected to slow down. The lower global growth and the increased uncertainty about trade tensions may negatively affect export demand, including that of India’s, which in turn will further lower GDP growth rates of several countries.

Source: Mint July 04, 2019 07:41 UTC