Industry And Cluster | News & Insights

Exporters’ Profit Margins Under Pressure Even As Demand Picks Up

Published: May 20, 2021
Author: Manali bhanushali

Global recovery has aided the recent jump in merchandise exports, exporters said, adding that their profit margins could remain under pressure. Merchandise exports nearly trebled in April to $30.63 billion over the same period last year.

They grew 17.62 per cent compared to April 2019. While the three-fold jump in exports was aided by a low base effect, growth was also on account of global recovery, with an increase in demand, especially from developed nations, particularly from the US and some European countries.

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