SME Times is powered by   
Search News
Just in:   • Exports fall by over 9 pc YoY in Nov  • Bharti Airtel arm picks up 4.9% stake more in Bharti Infratel  • Engineering exporters seek easier GST refund rules at BoT meet  • Centre to incubate electronics startups opened in K'taka  • Samsung tops global smartphone production in Q3: Report 
Last updated: 25 Oct, 2020  

Exports.9.Thmb.jpg India needs to diversify export portfolio: Report

   Top Stories
» Exports fall by over 9 pc YoY in Nov
» Engineering exporters seek easier GST refund rules at BoT meet
» RBI commences MPC meet on Wednesday
» 'Corporate India gradually reverting to normalcy'
» Manufacturing sector loses growth momentum in November
SME Times News Bureau | 25 Oct, 2020
Indian should diversify its portfolio of exports both in terms of products and countries, according to a report by PHD Chamber of Commerce and Industry.

It said that exports will not only balance the external sector but will also become a major growth vehicle in the economy and also increase capital expenditure in the economy.

The growth in exports would improve the trade balance and increase the competitiveness of the country in comparison to the global economy in the coming times, it said.

"Efforts should be made to diversify the portfolio of our export products in terms of more countries and also in terms of more products, where India has core competence," it said.

As per the report, India should focus on moving away from imports from China going ahead, and divert trade towards friendly economies, build domestic capacities and significantly scale up indigenous production with a thrust to become self-reliant.

Noting that at the global front, rapid changes are evolving due to disruptions created by the impact of Covid-19, the report said: "This calls for manoeuvring the manufacturing sector to cater to the domestic demand as well as exports with focus on localisation, import substitution and more and more indigenous production to create surplus for exports."
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 03 Dec, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» MSME registration(1)
» MSME schemes - Do you know all of them?(1)
» Biodiesel is the fuel of future: Santosh Verma(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter