India`s exports may fall to USD 150-155 billion in 2009-10 from USD 168 billion in the previous fiscal and the declining trend could be reversed from January, president of FIEO A Sakthivel said on Friday.
Chinese industrial output, investment and credit growth accelerated in August, suggesting the economic recovery is on a solid course, but Beijing is unlikely to hit the policy brakes too hard to avoid derailing it.
India needs to look at newer markets, including West Asia and South Africa, for exports apart from the three primary markets of the EU, the US and Japan, MoS for Commerce and Industry Jyotiraditya Scindia said on Wednesday.
Impacted by the global turmoil, exports fell for the nine month in a row in June, but there are early signs of recovery in overseas sales, which could register growth from September onwards, a Finance Ministry official said.
Commerce and Industry Minister
Anand Sharma may discuss the demands of exporters like setting up of an inter-ministerial grievance cell and refund of state indirect taxes with noted industrialists next week.
India`s exports declined by 27.7
percent in June over the same month last year, contracting
for the ninth month in a row, as overseas shipments were
hit by a slowdown in major global markets like the US and