Union Finance Minister Nirmala Sitharaman has said the Government is assessing the impact of the ongoing Ukraine crisis on Indian exports. In a post-Budget interaction with the industrialists from Tamil Nadu in Chennai today, she said the Government is seized of the matter and is consulting all the departments relating to imports and exports. She said once the consultation process is over, the Finance Ministry would come out with a definitive response on how to tackle the situation and help the import and export sectors.
Ms Sitharaman said exports to Russia and Ukraine are being affected more than the imports, especially the agricultural products. She said the sector is facing hurdles in exporting the farm produce as per the orders at hand and also in getting payments for those goods that have already been delivered.
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