Finance
Sock JohnsonFIEO Calls on RBI to Unleash Liquid Gold for Exporters
Listen up, folks! The Federation of Indian Export Organisations is throwing down the gauntlet, urging the RBI to unleash some liquidity support! With freight costs soaring due to the West Asia turmoil, exporters are feeling the squeeze. Shipments that used to cruise in 50 days are now taking a whopping 90! Time to give these exporters the credit they need to keep rocking the trade game!
few days ago | Anjali Singh
Quick rundown
1.Rising freight costs due to West Asia conflict.
2.Export payment cycles have significantly elongated.
3.RBI extends export credit period to support exporters.
4.FTAs with UAE, Australia, and EFTA countries are progressing.
5.India's export sector shows resilience amid geopolitical tensions.
