'urgent' need to boost competitiveness, attractiveness of India's exports amid global uncertainty
The finance ministry has said it is crucial that India's exports are made more attractive amid continued uncertainty in global growth and trade conditions, with headwinds from geopolitical tensions, including supply-chain disruptions and higher logistics costs, posing downside risks to growth.
"Given persisting uncertainties for global output and trade growth, finding ways to enhance the competitiveness and attractiveness of India's exports is both urgent and important," the finance ministry's Monthly Economic Review report for January, released on February 20, said.
The comments from the finance ministry's economists comes amid attacks on commercial vessels by Houthi rebels of Yemen in the Red Sea, which have raised concerns about global maritime commerce.
