These days we are getting mix of news about Indian economy at one side our Index of Industrial Production rose to above 9% and on the other side our exports declined for 12th straight month. Its very good news that our Index of Industrial output has reached to such a high level which shows that production in manufacturing sector is growing.
Due to weak demand in US market, slow down in Eurpoe and sluggish Chinese economy have resulted into declining Indian exports. Our trade deficit have also narrowed down because of 30% fall in our imports in the month of November.
Policymakers should take a quick cognizance of this fact and should focus on diversifying our exports to other markets.
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