The steps already taken and further steps that could be taken to explore and establish new markets and augmenting manufacturing base to increase the export capacities could be leveraged when tides turn and would provide us the opportunity to balance our trade account.
BIS central bankers’ speeches  7  With trade across the globe closely interlinked with the products and markets of different countries, developments in the world economy will also influence the Indian economy with greater intensity. While on the one hand our exports may fall, our imports may not moderate commensurately, thereby posing problems for India on the trade account front.