40% see exports declining this year: Survey

A majority of Indian exporters cite high interest rates as a major hurdle, with many borrowing at rates over 12%. Despite government efforts to address freight concerns, borrowing costs and collateral requirements remain issues, especially for smaller exporters, affecting their competitiveness.

Oct 25, 2024 - 04:30

40% see exports declining this year: Survey

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A majority of Indian exporters cite high interest rates as a major hurdle, with many borrowing at rates over 12%. Despite government efforts to address freight concerns, borrowing costs and collateral requirements remain issues, especially for smaller exporters, affecting their competitiveness.