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India's $2 lakh crore export ambition wants top boss to rescue it from bank credit crunch

By Economic Times - 2 months ago
India's exporters are facing a severe credit crunch despite overall economic lending growth. Export credit has dropped by 5% over two years, with priority sector lending for exports falling by 41%. The Federation of Indian Export Organisation (FIEO) has raised concerns, urging the Reserve Bank of India and the finance ministry to address this issue urgently.

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