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Dip in export growth a transient phase: Jaitley
New Delhi, Oct 22: Government today termed as `transient` the dip in export growth in the month of August and said the trend would be known only in the coming months.
New Delhi, Oct 22: Government today termed as "transient" the dip in export growth in the month of August and said the trend would be known only in the coming months.
"This (the dip) is transient... You wait and see what is
the trend in the coming months," the Commerce and Industry
Minister Arun Jaitley told reporters on the sidelines of a
FICCI seminar.
Export growth slowed down to 4.1 per cent in August apparently in the wake of appreciating rupee.
In rupee terms, the exports growth was only 4.1 per cent during April-August, and in August it was worse, recording a negative of 1.5 per cent growth over the corresponding period in the previous year, according to the latest trade data.
Worried over the appreciating rupee and its subsequent impact on exports, leading exporters are meeting the commerce secretary today.
Earlier, Jaitley had said that hardening rupee was putting pressure on exports but there was no cause of worry till the growth was above GDP.
Export growth slowed down to 4.1 per cent in August apparently in the wake of appreciating rupee.
In rupee terms, the exports growth was only 4.1 per cent during April-August, and in August it was worse, recording a negative of 1.5 per cent growth over the corresponding period in the previous year, according to the latest trade data.
Worried over the appreciating rupee and its subsequent impact on exports, leading exporters are meeting the commerce secretary today.
Earlier, Jaitley had said that hardening rupee was putting pressure on exports but there was no cause of worry till the growth was above GDP.
Bureau Report