Towards the end of 2008 the effects of global recession started getting reflectedin international trade.The fall in global demand and the slowing-down ineconomic growth translated into a substantial reduction in internationaltrade.It affected the cross-border trade of virtually all countries and economicsectors.
Indian exports trade could not remain vegas golden knights background unaffected in a situation whereexternal demand was dwindling globally.The present paper reviews India’sexport performance during and following the global financial crisis.Indianexports started to decline in July 2008.
It declined from US$ 17,095 millionin July 2008 to US$ 11,516 million in March 2009, which accounts for almost33 per cent decline.This growth contraction has come after a robust 25 percent-plus average export growth since 2003.But, as a result of gtech brush bar governmentpolicy measures and recovery in global economy, India’s exports growthturned positive and exports grew by a whopping 54.
1 per cent in March 2010and recorded the highest growth rate among the world’s top 70 economiesin merchandise exports.India’s merchandise exports during April 2010 at US$16.9 billion recorded a growth of 36.
3 per cent as compared with a declineof 32.8 per cent registered in April 2009.Exports witnessed huge annualizedgrowth of 56.
9 per cent to $25.9 billion in May 2011 in a bright spot for theIndian economy, which is battling high inflation amid signs of a slowdown.