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Q.

Exports fall 9.7% in August due to global slow down-----news. Is it any indication that immediate prospects for Indian exporters are not too rosy? Your views?

Tags: money, news & events, politics & government
Asked by Good Citizen, 14 Sep '12 11:56 am
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Answers (4)

 
1.

It is an indication on the overall Indian economy.. Apart from sluggish exports, the imports also contracted, indicating a very weak industrial scenario. Declining volumes in imports is indicative of a slowdown in industrial activity, demonstrating a fall in consumption expenditure as well as imports that are export linked.
The fall in exports is much more than the fall in imports, resulting in a monster trade deficit.
Our major trad partners are the Eurozone countries. With their economy in a shambles, India's economic growth is bleak.
Once again it is emphatically proved that the economy of third word countries depend on the economic growth of the US and the European countries.
Answered by thampy chacko, 14 Sep '12 01:52 pm

 
  
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2.

India export fell for two reasons.First, global economic slow down .Second, the INR appreciation.The global economic scenario is very much unclear.The USA economic growth may remain positive but very few economists r positive about the economy of Euro nations in general n Greece,Italy etc. in particular.If growth do not happen in Euro nations ,global economic slowdown is a must n our export fall will continue.
Answered by Damodar Biswal, 14 Sep '12 05:00 pm

 
  
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3.

Yes, bleak prospects are ahead...!
Answered by Dil Se, 14 Sep '12 12:08 pm

 
  
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4.

Yes they are NOT rosy and darker days are ahead
Answered by iqbal seth, 14 Sep '12 11:57 am

 
  
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