Exports may rebound 14% in FY25
India’s goods exports could rebound to $500 billion this year as global demand is slowly improving and prospects of a good monsoon could free up curbs on shipments of farm products, the country’s apex exporters’ group Federation of Indian Exporters’ Organisations (FIEO) said
However, the persistent Red Sea crisis that has raised the cost and time for shipping goods to major markets, is beginning to hurt with a few orders already being lost in sectors like metals and commodities.
Delays and higher costs of shipping can lead to more order cancellations and hurt India’s competitive edge in global markets
The demand for the credit has gone up with rising inflation, high commodity prices and abnormal increase in sea as well as air freight
Adding that slow offtake and longer transit times were also delaying export payments, so more credit was needed for longer tenors.
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