Kochi: Huge reduction in exports from India to South Asian countries. The setback was mainly due to reduced purchases by Bangladesh and Nepal. These countries are facing a huge decline in their foreign exchange reserves. Exports from India have fallen in the context of import restrictions to overcome the crisis.
Exports fell by 10.7 percent to $1,190 million in the year to August. Exports fell by 10.5 percent to $2.1 billion in August alone. Apart from India, South Asia includes Bangladesh, Nepal, Sri Lanka, Pakistan, Afghanistan, Bhutan and Maldives. India is the main source of product imports except Pakistan.
$10.6%
India’s total merchandise exports rose 10.6 percent to $3,690 million in August. During the first 5 months of the current year, exports were $19,640 crore; An increase of 19.5 percent.
Export to the neighborhood
(Growth and decline last month).
Bangladesh : -22.7%
Nepal : -11.3%
Pakistan : +35.9%
Sri Lanka : +39%