India has scope to grow exports as supply chains are changing: Report

NEW DELHI, MAY 22

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AN opportunity to grow exports is knocking on India's door as supply chains are getting redrawn and steps which raise mid-tech labour-intensive exports can boost the country's trade interlinkages, mass consumption, investment, and GDP growth, according to an HSBC report released on Thursday.

While there is a general sense that India is mostly a domestic demand-driven economy, it is in periods of rising integration with the world that India has grown its fastest, the report states.