Niti Aayog VC pitches for export diversification to beat external headwinds
New Delhi, Sept. 16 -- Niti Aayog vice-chairman Ashok Lahiri on Wednesday called for further diversification of India's exports, arguing that it's key to sustaining the strong growth momentum in outbound shipments and softening the blow of external headwinds.
"We shouldn't suffer from any export cynicism," he said, launching the government think-tank's June-quarter Trade Watch report.
An analysis of the data in the report suggests the country's diversification bid is showing early signs of success, with two African countries-Tanzania and South Africa-breaking into the top ten destinations for Indian products in the quarter, replacing Hong Kong and Saudi Arabia amid the West Asia war.
Separately, on the sidelines of the report launch, L...
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