date:Jul 21, 2023
y and surging inflation.
One of the reasons for moderating the pace of growth in merchandise exports significantly in 2023 has been because of persistent geopolitical tensions, disruption in the global supply chain due to Russia-Ukraine war, monetary tightening and recessionary fears, which have continuously led to a fall in consumer spendings across the globe, especially in advanced economies.
India's core export commodities, such as gems and jewellery, textiles and leather goods, are under s