New Delhi - India’s export-GDP ratio has declined from 17.16 per cent to 12.37 per cent in the past ten years mainly due to the weakening shipments to its Asian peers, including China. The increasing US exports has been helping India maintain the ratio from falling more. However, the tariff war is likely to see the ratio deteriorate further in the coming years.
As per the data from RBI, India’s export-GDP ratio, which stood at 17.16 per cent in FY13-14, is down to 12.37 per cent in FY24, after . . .
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