Mumbai: With an expected rise in the
lending rates, the Government should continue with stimulus
measures to support exporters, an industry body said today.
Federation of Indian Export Organisations (FIEO) said
it expects the Government to continue with the stimulus
packages, announced to soften the impact of an economic
downturn, in interest of the exporters.
Noting that the stimulus packages has had a positive
impact on the key sector, FIEO said exports this fiscal are
likely to reach around USD 165-170 billion.
"FIEO hopes the Government will continue with the
stimulus, particularly subvention of the interest rates, for
exports as interest rates are set to move upward," Federation
President A Sakthivel said in the release here.
India's export sector achieved an 18.2 per cent growth
in November at USD 13,199 million, as against USD 11,163
million in the year-ago period.
"This is a clear indication of the adaptability of
exporters and, of course, the positive impact of the stimulus
extended by the Government," FIEO said.
First Published: Friday, January 01, 2010, 20:39