EXPORTING TO AFRICA, Deepak Joshi [reader novel .TXT] 📗

Publication Date: 02-05-2021

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Dedication:
The pandemic has reinforced pre-existing economic trends. For instance, global goods trade had contracted by 0.1% in 2019. The World Trade Organisation expects it “to plummet” by anywhere between 13 and 32% in 2020. Similarly, India’s export dependence on EU and US markets, will only grow as incomes shrink more rapidly in developing markets. Despite decades of trade policy rhetoric to diversify exports to markets in Africa and Latin America, India could not achieve such goals in the past. There is no reason to believe it can do so now. It must instead find ways to enhance exports to its primary markets.