SME Times News Bureau | 22 Aug, 2018
government and the private sector should work together with an aim to bring
exports to the centre-point of economic activity to take advantage of external
demand conditions, said NITI Aayog Vice Chairman Rajiv Kumar on Tuesday.
"The low share of our goods and services exports is a matter of concern.
We need to improve our skill set and human capital as well as take cognisance
of external demand conditions," Kumar said at a meeting of the CII
Economic Affairs Council in New Delhi.
"...considering our low per capita income, we should consider our country
as small economy on the world stage rather than as the sixth-largest economy
ready to take on the world," he said.
Kumar added the falling rupee is not a cause of worry as it is getting back to
its natural value. Besides, there is nothing much that the government should do
to stem the fall of the rupee as the move would adversely impact growth, he
"Hence, the prevailing environment should be leveraged to push exports and
foreign capital inflows. We also need to revisit safeguards and anti-dumping
duties to boost export growth and set targets to improve our export
share," he stated.