Indian exports have a history of comebacks

The pandemic and the series of geopolitical unrest were a reality check for the believers of the global village dream. As soon as the world hit the panic button, most economies decided to cut down on international trade. And the companies, still shaking from the sight of their battered supply chains, decided that it's better to abandon the lure of cheap labour. At least, that's what the headlines have been saying. But we decided to check what the data says. We wanted to check how the industries that are heavily dependent on exports fared during times of crisis. In terms of revenue from exports, the IT sector and the Healthcare sector are the clear head runners. So we checked the performance of the BSE IT and Healthcare indices in FY23. And the results were not surprising. The markets weren't feeling too optimistic about the prospects of these sectors due to the fe