Rupee depreciation and incentive schemes to drive exports

As per an analysis based on 140 RMG makers by CRISIL Ratings, factors like the rupee depreciation and continuation of export-linked incentive schemes are likely to drive India’s exports, leading to a revenue growth of around Rs 20,000 crore. India’s MMF exports are expected to grow 12-15 per cent, despite the higher base of last fiscal, says Anuj Sethi, Senior Director, CRISIL Ratings.

Disruptions in factory operations long with port congestion will dampen China’s export growth in dollar terms. However, domestic MMF demand is expected to grow over 20 per cent.