Indian exporters are going to meet RBI’s Governor to request easier loan repayment terms . The move comes as exporters across different sectors face mounting challenges from slow global demand, rising costs and currency fluctuations.
Exporters are saying that while order payments are being delayed from overseas buyers and shrinking profit margins have made it harder to repay bank loans on time. Many businesses especially small and medium exporters are struggling with working capital. They believe that more flexible repayment options will allow them to survive in a tough global environment and protect jobs at home.
The main demand is for extended repayment schedules and lower interest rates on export related loans according to industry representatives. They also want banks to show leniency for businesses that are facing situations that are out of control , such as disruptions in international shipping, rising freight charges, and unstable foreign exchange rates.
The exporters are saying that since the sector brings valuable foreign currency into the country, supporting them is directly in the national interest.
The RBI is very cautious in the recent months , focusing on controlling inflation and maintaining currency stability. Exports are playing a major role in employment and economic growth, the central bank is expected to give the exporter’s concerns a serious consideration.
Experts point out that global economic conditions are always uncertain and slowdowns in Europe and the US are affecting India’s trade. A fall in the rupee has given some relief to exporters , but rising input costs continue to overshadow the gains.
The upcoming meeting with the RBI Governor is crucial. Exporters hope that a positive response will give them relief , while policymakers are balancing the need to support industry with financial discipline.
