Export surge a bright spot for India's economy
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Domestic consumption, a key driver of the Indian economy, has remained subdued.
PHOTO: REUTERS
NEW DELHI - Exports have emerged as a bright spot in India's economy as the country recovers from a devastating second Covid-19 wave.
Merchandise exports hit a record high of US$35.43 billion (S$48 billion) last month, the highest monthly figure in nine years. The figure also represented an almost 50 per cent increase over July 2020 and 36 per cent over the same month in the preceding year.
