New Delhi, Nov. 25 -- The Indian exports might be dampen due to the global slowdown driven by the confluence of stubbornly high inflation, rising borrowing costs and geopolitical tensions, the Finance Ministry said in its latest monthly economic review report on Thursday.
Indias goods exports contracted for the first time since February 2021 in October, and the Ministry said that the slowdown in China has also affected global trade, exacerbating the effects of high inflation and borrowing costs. Chinas exports contracted in October 2022, the first time since May 2020, as local curbs and lower global demand impacted the countrys trade, it pointed out.
Although the global uncertainty might stifle the exports, but the resilient domestic de...