Russia-Ukraine war, China Covid restrictions to hit India’s FY23 exports: Ind-Ra

“The exuberance witnessed in merchandise exports in FY22 did provide a helping hand to a number of manufacturing segments amid the weak domestic demand, but it was not broad-based and confined to a handful of sectors,” the ratings agency said.

Russia-Ukraine war, China Covid restrictions to hit India’s FY23 exports: Ind-Ra
“The exuberance witnessed in merchandise exports in FY22 did provide a helping hand to a number of manufacturing segments amid the weak domestic demand, but it was not broad-based and confined to a handful of sectors,” the ratings agency said.