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Economy

Is trade no longer a driver of economic growth?

Updated : April 24, 2019 04:20 PM IST

India’s merchandise exports have grown at a compounded growth rate of just 1 percent since FY12.
In contrast, in the 7 years preceding this period, exports had grown at a compounded growth rate of 20 percent.
This current period has been the worst performance for exports since at least the 1970s.
Is trade no longer a driver of economic growth?

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