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Assocham backs falling rupee to boost exports

18 Jan '16
3 min read


"We cannot remain insulated and the wisdom lies in cushioning ourselves with generating more traction in the domestic economy while seeking to make Indian exports competitive," Kanoria said.

Even in a third country market, the currency devaluation in China can make things difficult for Indian goods since the rupee depreciation has not been sharp enough to give competitive edge to the country's exporters.

“The fact that China and India compete for several export items such as textiles, leather goods, light engineering, gems and jewellery etc is an additional challenge faced by the Indian exporters. Besides, there is also a concern that a weaker Yuan will help China dump goods into the Indian market,” the paper said. (SH)

Fibre2Fashion News Desk - India

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