Last week’s trade landscape was covered with data, reports, deals, and negotiations. According to the government, Indian exports slipped by 9%. The fall was led by engineering, chemicals, and petroleum products. While on the other hand, the country’s trade deficit narrowed to US$ 9.96 billion.
Commerce Minister Piyush Goyal chaired the Board of Trade meeting last Wednesday. The minister called for better co-operation from states to build a stronger nation in order to achieve the transformational goals. The government also shared its plans for a dedicated freight corridor of which 40%( approximately 1,100 Kms ) will be completed by the end of this financial year. With these recent developments, the trajectory has shifted from uncertain times towards the road to recovery, staying resilient still remains a sought after business trait for now.