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The US and EU are impacting exports of key sectors including engineering, gems, and jewelry, and may have implications on India's exports in case the global situation does not improve in the coming months.
Trade deficit widened to 125.22 billion in April-August this fiscal as against USD 53.78 billion in the same period last year.
It is tri-part series focusing on the ban on export and controversy around it
Exports of engineering goods from India surged by 13.5 per cent to $9.79 billion in May 2022 from $8.62 billion recorded in the same month last year
While the government is optimistic about boosting India’s exports, Ajay Sahai, who heads the Federation of Indian Export Organization, believes that repeating the same export growth as last year would be a difficult proposition.