FIEO WARNS GLOBAL UNCERTAINTIES COULD AFFECT INDIA’S EXPORTS
Why in the news ?
FIEO warns escalating geopolitical tensions could decrease global demand, impacting India’s exports; urges government support for exporters’ liquidity.
source:slideserve
About Impact of Geopolitical Uncertainties on Exports:
- FIEO, the apex exporters’ body, warns of potential repercussions on India’s exports due to escalating geopolitical tensions worldwide.
- The ongoing Russia-Ukraine conflict has already affected India’s outbound shipments in 2023-24, resulting in a 3.11% decline to $437 billion.
- Imports also saw a decline of over 8% to $677.24 billion during this period, indicating broader economic implications.
About The Federation of Indian Export Organisations (FIEO):
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