Export growth will continue this fiscal, FIEO President

01 Feb '10

1 min read

With 9.3% growth in exports in December, 2009, the positive trend, which was witnessed for the first time in November 2009, has continued said Mr A. Sakthivel, President, Federation of Indian Export Organisations (FIEO).

He opined that looking at revival of growth in most of the economies and increasing reliance of Indian exports on diversification of markets, the positive growth will continue in next three months as well. However, the export figures reached during 2008-09 will elude us this year. Mr Sakthivel said that achieving exports of US$ 170 billion this year should be satisfying looking at the dismal performance of some of the export led economies.

President, FIEO said that increase in imports by 27% is a good sign for Indian manufacturing which will achieve double digit growth this year pushing GDP growth close to 7%. He, however, added that the stimulus provided for exports should continue till export stabilizes as there is a question mark over the growth in most economies once the huge stimulus poured into the economy are withdrawn.

Federation of Indian Export Organisations

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