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Declining bank credit to hurt exporters; issue to figure in Sep 11 meeting with Goyal

By Economic Times - 2 months ago
Exporters are concerned about declining bank credit, which they will discuss with Commerce Minister Piyush Goyal. Despite a 15% growth in exports, outstanding credit dropped by 5%. The Federation of Indian Export Organisation (FIEO) suggests measures like sub-targets for export credit and increased insurance cover to address the issue.

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