Can exports cushion a sagging economy?

Vikas Singh Chauhan, who handles international business at the firm, which records annual sales in the range of 20 crore, is suddenly confronted with a problem of plenty. Skier has been flooded with more orders from overseas buyers than it can possibly meet, said Chauhan. “Last time we saw this type of orders, it was five years ago,” he added.

At a time when India’s domestic demand is muted due to persisting covid-induced caution and regional lockdowns, exports are emerging as a surprising silver lining. Led by engineering goods, gems and jewellery, and pharmaceuticals, exports grew more than 60% year-on-year to a record $34.5 billion in March and earned a robust $32 billion in April, the first month of fiscal year 2021-22.

While the figures for May are expected to slip a bit due to movement restrictions, the March and April shipments have given rise to optimism about the short- and medium-term prospects. The reason: global demand, particularly in the West, is…

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