Challenges ahead of policymakers to aid India's weak exports

Trade Ministry data reveals India's exports fell as much as 1.8 per cent in FY13. However, a rise seen in the exports for the third straight month in March, as well as a recent steep fall in the prices of gold and oil, combined, suggests better support ahead for the country's cautioning current account deficit. To push exports, Commerce and Industry Minister Anand Sharma has mentioned extending sops for the export sector besides measures like providing incentives for Special Economic Zones (SEZs). Experts, Ajay Sahai, director general and CEO of FIEO; A Shaktivel, chairman of AEPC and also president of Tirupur Exporters Association; Ajay Dua, former secretary in the Ministry of Industry and Commerce, and Arbind Prasad, director general of FICCI, discuss how these numbers are to affect India's economy and whether various steps proposed by the Industry Minister are enough to boost exports.