News Snapshot:
"You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and International business brought to you by The Indian Express and The Financial Express. " The impact of an incipient recession in the west on India’s foreign trade has become unmistakable. Merchandise exports shrank 12.2% in December 2022 from a year before to $34.5 billion, the second contraction in three months, owing to a slowdown in demand from key markets in the wake of aggressive rate hikes by major central banks and an unfavourable base. Goods exports had contracted 16.65% on year...
