Exports And Imports Stagnation In India During Covid-19- A Review
Academic Leadership - Online Journal,
Vol. 21 No. 4 (2020): Vol-21-Issue-4-April-2020
The present paper is presenting the exports and imports stagnation in India during COVID-19. The authors have explored the Exports and imports of India- at a glance, trends in the industrial sector, Industry and Infrastructure of India at a glance, Economic inflation, foreign trade and national income present scenario, Inflation forecast, Union budget 2020-21 and controversy of COVID-19 Circumstances, Logistics performances of India during COVID-19, Exports and imports stagnations. The authors have suggested to the government of India such as sales inventory cost will go up, so all companies will have to look at newer methodologies to dispose of their inventories. In India, we should build capabilities of regional logistics companies to change with the change in demand at a short interval of time. India should stockpile oil when the prices are favourable in the international markets. The government should consider industrial productions and growth for encouraging export from India. All are predetermined as the consumer price index will be hovered between from 3.5 per cent to 4.2 per cent. But the COVID-19 will change the determination to increase the consumer price index due to the COVID-19 natural disaster. These will help the policymaker to commensurate the economic conditions to uplift the export from the stagnation.
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