印度出口商协会FIEO周三表示，在全球贸易面临高度不确定性的背景下，更高的借贷成本可能会加重出口商的财务负担，尤其是中小微企业。该声明发布之际，印度储备银行（RBI）已将政策回购利率上调25个基点至5.5%。印度出口组织联合会主席S·C·拉尔汉表示，在通胀压力上升以及维持价格稳定的需要下，印度储备银行提高回购利率的决定是可以理解的。
Apex exporters body FIEO on Wednesday said higher borrowing costs could increase the financial burden on exporters, particularly MSMEs, at a time when global trade is facing heightened uncertainty. The statement came in the backdrop of the RBI raising the policy repo rate by 25 basis points to 5.5%.Federation of Indian Export Organisations President S C Ralhan said that the RBI’s decision to raise the repo rate is understandable against the backdrop of rising inflationary pressures and the need to maintain price stability.
他表示，货币紧缩确实会限制出口导向型企业的营运资金供应，尤其是中小微企业。“出口商目前正处在一个极度不确定的全球环境中。地缘政治紧张局势、波动的能源价格、供应链中断、更长的运输时间以及付款延迟，都在延长出口营运资金的周转周期。”
Monetary tightening, he said, does constrain the working capital availability for export-oriented businesses, particularly MSMEs.“Exporters are currently operating in an exceptionally uncertain global environment. Geopolitical tensions, volatile energy prices, supply-chain disruptions, longer transit times and delays in payments are extending the export working-capital cycle. Higher interest costs in such circumstances can adversely affect the competitiveness of Indian exporters, especially those operating on thin margins,” he said.
“在这种情况下，更高的利息成本可能会损害印度出口商的竞争力，尤其是那些利润空间本就微薄的出口商，”他表示。拉兰敦促印度储备银行（RBI）在出口融资方面给予更大灵活性，将装运前和装运后的出口信贷期限从目前的270天延长至450天，以应对更长的运输和过境时间、物流中断以及出口回款延迟等问题。他表示，这样的延长将为出口商提供急需的喘息空间，使其能够在不承受过度财务压力的情况下履行国际承诺。
Ralhan urged the RBI to provide greater flexibility in export finance by extending the period of pre-shipment and post-shipment export credit from the existing 270 days to 450 days because of longer shipping and transit periods, logistics disruptions and delayed realisation of export proceeds. Such an extension, he said, would provide much-needed breathing space to exporters and enable them to honour their international commitments without facing undue financial stress.FIEO further suggested that targeted liquidity support and adequate availability of affordable export credit should accompany the calibrated tightening stance.“This would help exporters absorb elevated input and financing costs while maintaining production, fulfilling overseas orders and exploring new markets,” Ralhan said.
印度出口组织联合会（FIEO）还建议，在采取适度收紧政策的同时，应提供有针对性的流动性支持，并确保充足且价格合理的出口信贷。“这将帮助出口商在维持生产、履行海外订单和开拓新市场的同时，消化不断上升的投入和融资成本，”拉兰说道。考虑到通胀压力正在显现，印度储备银行将货币政策立场调整为适度收紧是可以理解的。
“然而，该联合会警告称，在全球贸易面临更高不确定性的背景下，更高的借贷成本可能会加重出口商，尤其是中小微企业的财务负担，”他补充道。
The change in the RBI’s monetary policy stance to calibrated tightening is understandable in view of emerging inflationary pressures.“However, the Federation cautioned that higher borrowing costs could increase the financial burden on exporters, particularly MSMEs, at a time when global trade is facing heightened uncertainty,” he added.