Indian exports are increasing every year. Not only exports but also imports increase. The gap between both these exports and imports is widening. In short, the trade deficit is widening.
In this environment, we need to reduce imports or increase exports. In today's environment, we cannot reduce imports. We are forced to import essential commodities like crude oil and gold. Hence the central government is taking various initiatives to increase exports. However, due to global food inflation and uncertainty, we have to restrict exports or impose a temporary ban.
The central government has banned the export of wheat.
The export of sugar is restricted.
Restrictions have been placed on the export of wheat flour maida flour and semolina.
We are exporting rice to various countries worldwide.
At one point last year, 50% of the world's countries bought rice from us.
There are unconfirmed reports that restrictions may be imposed on both basmati rice and non-basmati rice.
As such, when we impose export bans or restrictions, foreign exchange inflows decrease. We cannot achieve the specified target as far as exports are concerned.
This uncertainty will only be resolved once the war between Russia and Ukraine ends.
#export #exportbusiness #ஏற்றுமதி
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