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Date: 05/05/2025

Economy needs monitoring, diversification to meet global trade disruptions, says FinMin
Risks from ongoing global trade disruptions warrant close monitoring and diversification into various unexplored markets, the Finance Ministry said in a report. While merchandise exports may face pressure due to global uncertainties, services exports will likely maintain resilience, it said. However, global uncertainties, such as trade tensions and geopolitical risks, could disrupt supplies or cause prices to rise or both. Nevertheless, while geopolitical uncertainties present challenges for India too, they also offer an opportunity to strengthen its position in international trade and manufacturing by leveraging its comparative advantages in select goods and services, according to the report. With renewed and sustained focus on geopolitical developments, India can mitigate these risks and capitalise on emerging opportunities through strategic trade negotiations, domestic reforms and manufacturing investments, as per a report.
 
Source: Exim News Service: New Delhi, May 4



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