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FICCI survey on exports

17
Mar '07
Round three of the FICCI survey on exports conducted during the month of February 2007 reveals a positive outlook in merchandise exports for the next six months. However, further moderation in exports is likely to be seen in the next six months.

Recent onslaughts on exporters are an across the board rise in the prices of raw material coupled with the effect of a strengthening Rupee against the currency major USD along with the recent hike in the interest rate on credit.

About 78% of the participanting exporters felt that their export volumes would increase in the coming six months. While 32% of the participating companies were of the view that their exports will increase by upto 10% over the next six months, another 46% of the respondents indicated export volumes to go up by over 10%.

Exporters believed that the bourgeoning volumes would be on account of higher demand in the existing international markets along with entry into the new markets.

Despite the highly competitive and cost-conscious global market, 44% of the exporters reported increase in the export prices in the next six months; this counter move towards the increase in export prices is in response to the expected intolerable low realizations on account of higher inputs costs.

SAARC, United Kingdom, Middle East, UAE, European Union and Latin America are the key regions / countries that will see a strong increase in their imports from India in the next six months.

As already mentioned soaring prices of raw material, strong Indian Rupee against the USD and higher cost of credit are the crucial-few cost barriers that require immediate attention of the government.


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