|
|
|
|
India needs to diversify export portfolio: Report
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 26 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."
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
|
|
| Daily Poll |
 |
 |
| What’s your biggest challenge with the 45-day payment rule? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
