Post Date : February 20, 2021
In what comes has a breather for the country’s exports, Haryana, Uttar Pradesh and Rajasthan have reported a growth in share of exports.
In terms of quantum of exports, Haryana has been ranked fourth, Uttar Pradesh fifth and Rajasthan ninth.
According to data, Haryana’s share in exports touched 9.09% in FY20 compared to 8.44% in FY18. Similarly, UP’s share in exports rose from 7.76% to 8.54% in FY20. Rajasthan’s share increased from 3.53% to 3.80% during the period.
Although the share of Haryana, Uttar Pradesh and Rajasthan in the country’s exports is on the rise, Punjab, however, has reported a decline in terms of exports.
Having ranked eighth in terms of exports in the last fiscal, Punjab’s share in the country’s textiles and garment exports has plummeted.
From 5.14% in 2017-18, it has now sunk to 4.52% in 2019-20.
During the past three years, the country’s exports declined by 6.55%. However, the quantum of decline was 18% in Punjab, much more than the national average.
“The state is facing fall in exports as many garment units have come up in Noida and a sizeable business has shifted to them as operational cost there is low as compared to Punjab”, shares an exporter from Ludhiana.
“Many export houses are manufacturing in Punjab but exporting from Delhi and this is reflected in Delhi data,” he said.