Export and import account for 40% of India’s GDP, but the COVID-19 pandemic has particularly hit the Indian exporting community hard. To figure out where Indian export community stands, and when a meaningful recovery can take place.
COVID-19 has played a huge dampener on our exports. The micro and small industries have been the most affected as they hardly have any liquidity left with them. They were under the lockdown roughly in every state for around two months and in some states, many units are still in the containment zone or their offices are in that zone, and therefore they are not back to the normal.