Main Article Content
Abstract
The international economy since 2002, India’s exports witnessed aunusual threefold increase during the period 2002–03 to 2007–08. But this powerful engine for employment generation is now endangered by rapid contraction in global demand and weakening labour markets. It is a major defy for India to put into practicevigorous competitive strategies which not only mitigate the unfavourableblow of the worldwide slowdown on its export basket but also build the resilience of the economy towards such future shocks. However, for scheming such strategies there is a need to weigh up the extent to which the worldwide slowdown may impact on total merchandise exports.