Is everything ok with rise in exports Business Реклама Recent Posts « » Is everything ok with rise in exports April 15th, 2011 | Author: admin Is Everything Ok With Rise in Exports?

Despite the fact that exports in August rose by 18.9 percent in comparison to last year’s figures, I feel the exporters are still under pressure from the hardening of the rupee.

In addition to this, high global oil prices and a robust demand for capital goods in a growing economy are likely to widen the trade deficit, which I feel will be an area of concern in the coming weeks.

With the volatile rupee likely to continue appreciating, I expect a fall in the demand for Indian products in major export markets.

If the current situation prevails, then there will be a lot of pressure on the government which will have to find ways to provide more fiscal and monetary assistance to exporters.

I think the exporters have to be very cautious while looking for clients. I would like to reiterate that with the rupee remaining strong vis-?-vis the dollar, they need to find innovative ways to keep their goods globally competitive.

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