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Shiksha Sanskriti Utthan Nyas also suggests changes to National Education Policy for a post-pandemic world, calls for India to become 'powerful exporter'.
Indian exporters are facing massive shortage, and even cancellation in some cases, of orders. Labour-intensive sectors are fearing job cuts.
Despite the green shoots, Indian economy is set for another quarter of sub-par growth, and still in need of support from the government and RBI.
Garment exports offer a solution to a number of economic problems, but India faces an unlevel playing field. Correcting rupee’s bloated value can be a start.
RBI Governor Shaktikanta Das says India needs structural reforms across sectors and assurance to investors of macroeconomic stability.
India managed to grow its exports by a meagre $16 billion in the last 5 years and has to now overcome slowing global growth & escalating trade tensions.
A persistent and large deficit fails to pressure the dollar upwards, relative to the rupee, resulting in the latter’s overvaluation.
India’s share of world exports rose to 1.71% in Q1 of 2019 from 1.58% in Q4 of 2017 – because it’s less integrated with global trade chains.
Targets like a GDP of $5 trillion, increasing manufacturing to 25% of GDP, doubling farmers’ incomes and exports will not make Modi govt’s life easier.
In a country where a third of the population lives in cities, agriculture uses about 90% of fresh water in India, compared with 64% in China, 60% in Brazil, and 44% in Nigeria.