The most worrying part is that labour-intensive exports, which create employment in large numbers, have been falling. But within non-petroleum products, exports of major labour-intensive sectors have fallen at a much faster rate. Between April and August, textile exports fell by 9.7% to $7 billion—this was the steepest fall in five years. When it comes to engineering goods, exports fell by 3.9% to $40 billion, the worst drop in four years. But, on the whole, labour-intensive exports have been hurt because of the Indian rupee being stronger than it actually should be.

Source: Mint October 20, 2019 17:15 UTC