Explained: Why depreciating rupee hasn’t boosted India’s exports

According to rating agency Crisil, the export growth rates in July and August reflect ‘a steep fall’ from the 27% growth in the first quarter of 2022-23 on account of economic slowdown in India’s major export destinations and the fact that the low base effect of the previous year is now wearing off, said rating agency Crisil in a note.

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