Simplified Trade Finance
It has been a tough week for India internationally. First, news started trickling that many Indian rice exporters were having a difficult time procuring payments from Iran.
The RBI's trade data shows that exports continue to slow down, even as players like the IMF sound warning bells about India's slowing economy. What is needed to fight this downturn?
Trade among RCEP countries is estimated to be worth $2.8 trillion. Whether India chooses to be a part of this bloc will hopefully be answered over the weekend.
With the new foreign trade policy expected to be around the corner, it is do-or-die time for India’s exports. One only hopes that the shock therapy measures being considered/implemented by the government are the right solution.
From stalled trade talks with the US to alarm bells about slowing containerized trade and reduced growth forecasts, it's been a rather dismal week for Indian exporters.