New Delhi: India’s exports basket is not aligned with global demand as nearly 66 percent of world’s merchandise imports are concentrated in products where New Delhi’s export share stands at just 0.2 percent, Niti Aayog CEO B.V.R. Subrahmanyam Said Monday.
On the other hand, products where only three percent of global merchandise import takes place, India’s export share globally is 18.2 percent, according to the think tank’s quarterly trade watch (Q4-FY2025) report launched Monday.
“This shows our trade is imbalanced. It is concentrated in a few products and it is concentrated in the wrong products,” Subrahmanyam said at the launch of the report. “We trade in stuff, which the rest of the world doesn’t require in large quantities.” Show Full Article
According to Subrahmanyam, while the w