Government to take more steps to support exporters
Date : Aug-11-2009 15:39
Despite the economy showing signs of stabilization, India''s export sector continues to decline. However, stimulus measures are announced by the government and they are beginning to show some impact. Moreover, government is looking to take some more measures to support the exporters in the forthcoming trade policy review later this month.
Additionally, India''s exports have been declining for nine consecutive months since the financial crisis took place. However, the total exports from India stood at $168.7 billion for 2008-09, showing a poor growth of 3% compared with $163 billion of exports in the previous financial year while India had set a target of achieving $200 billion worth of exports in 2008-09. In addition, the government will try to provide more relief to sectors like textile, gem and jewellery and similar labour intensive businesses as these have declining in demand.
Date : Aug-11-2009 15:39
Despite the economy showing signs of stabilization, India''s export sector continues to decline. However, stimulus measures are announced by the government and they are beginning to show some impact. Moreover, government is looking to take some more measures to support the exporters in the forthcoming trade policy review later this month.
Additionally, India''s exports have been declining for nine consecutive months since the financial crisis took place. However, the total exports from India stood at $168.7 billion for 2008-09, showing a poor growth of 3% compared with $163 billion of exports in the previous financial year while India had set a target of achieving $200 billion worth of exports in 2008-09. In addition, the government will try to provide more relief to sectors like textile, gem and jewellery and similar labour intensive businesses as these have declining in demand.
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