Indian Exports: Loss of Global Competitiveness

By Geetima Das Krishna and Rajiv Kumar
Economic & Political Weekly, 22 August 2015

A time series of exports indicates that average export growth has remained almost stagnant since January 2012 after a sharp bounce back in the first and second quarters of 2009. This article looks at the composition of India's export basket, export destinations and share in global exports to understand the reasons for the fall in export growth. It concludes that the evident inability to increase India's share in global markets points to the need for a thorough review of the working and performance of export promotion councils and related export agencies.