India’s strength exports under stress as world moves to recession: Piyush Goyal

Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are India’s strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm.

from Economy-News-Economic Times https://ift.tt/rl3s0NU
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