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India's share in global exports in labour-intensive sectors declining in last 5 years: FIEO

October 1, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
India's labour-intensive export sectors such as apparels, marine products, plastics, and gems and jewellery are showing a ''troubling pattern'' as the country is experiencing a decline in global market share across these segments during the last five years, a FIEO report has said. Apex exporters body Federation of Indian Export Organisations (FIEO) also said that a note of caution is warranted regarding a distinct spike in export growth of roughly USD 40 billion as this particular surge is likely attributed to a rerouting of crude oil trade routes via India to Europe. This phenomenon may not be sustainable in the...
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