Exports may not sustain high growth rate: FinMin
Quotes

Exports may not sustain high growth rate: FinMin

Last Updated: Wednesday, July 20, 2011, 15:39
 
 Comment 0
 
Exports may not sustain high growth rate: FinMin

New Delhi: India's exports may not sustain their high growth rate in the coming months due to uncertain economic conditions in Europe and other Western markets, a Finance Ministry note said.

The average export growth in the last five months has been over 40 percent and even touched 57 percent in May.

"On the external sector front, there has been a surge in demand for exports from emerging markets and developed countries of late; this may not be sustained on account of the Euro area and slowdown in global trade volumes and effects of commodity prices," the note said.

Commerce Secretary Rahul Khullar, too, had recently sounded a note of caution on the surge in exports, stating that the 40-45 percent growth rate may not continue after a few months.

"Things are not well with the global economy right now. These heady growth rates of 40-45 percent may not continue... The 40 percent growth rate is a pipe dream that will not continue for the rest of the year," he had said.

India's exports grew by 45.7 percent during April-June, 2011-12, to USD 79 billion.

The note further said that on the demand side, private consumption and exports were strong, but corporate investment was moderating.

PTI




First Published: Wednesday, July 20, 2011, 15:39


Comments


comments powered by Disqus
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM
Samsung Galaxy Tab S
Samsung Galaxy Tab S

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved