Man­u­fac­tur­ing slow­down has also af­fected forex earn­ings and

The Times of India (New Delhi edition) - - Times Nation -

Data shows that more than 31% of In­dia’s for­eign cur­rency earn­ings are from goods ex­ports, largely linked to man­u­fac­tur­ing. About half of the for­eign cur­rency spent is for im­port­ing goods. Be­cause of slow growth in the man­u­fac­tur­ing sec­tor, this trade im­bal­ance has in­creased, a ma­jor fac­tor in the In­dian cur­rency fall­ing

Ma­jor heads of In­dia’s bal­ance of pay­ment - 2018-19

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