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India’s exports: Are there signs of recovery?

The revival of private investment and exports is a must to achieve and sustain over 8% growth. The recent performance of India’s exports—which expanded 11% (year-on-year) in March 2019, taking the figure to $32.5 billion in the month of March, vis-à-vis 2.4% in the previous month—is good news. Various categories of intermediate exports—engineering goods, organic and inorganic chemicals, ready-made garments of all textiles, and drugs and pharmaceuticals—contributed to this revival. The question, however, is whether this recovery is sustainable or not?