The Government Plans To Bolster Non-Oil Exports. But For That It Needs To Act On A War Footing To Arrest The Fall In Some Of India's Biggest Exporting Sectors.
The extended holiday in the gems and jewellery sector could prove to be a nightmare for India’s Commerce Minister Suresh Prabhu as it shows sluggish growth, a headache for his ministry, which oversees the country’s external trade. “It was a longer holiday this time, but if the situation worsens, some of the SMEs may close down,” says Praveen Shankar Pandya, promoter of Mumbai based Revashankar Gems Ltd.
Such pessimism is not specific to the gems and jewellery industry. In fact, several export-focused sectors such as readymade garments, leather and meat products and marine products continue to register tepid or negative growth. These gaps in India’s export story are so glaring that they take the sheen off one of the biggest claims of the Narendra Modi government — recovery of exports.
هذه القصة مأخوذة من طبعة December 16, 2018 من Business Today.
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هذه القصة مأخوذة من طبعة December 16, 2018 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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