30.04.2009 8:28 - BRATISLAVA
NEW DELHI: India's exports to the US, the single largest market for local exporters, dropped 11.5% during October'08 - February'09, as per a study by industry chamber FICCI.
NEW DELHI: India's exports to the US, the single largest market for local exporters, dropped 11.5% during October'08 - February'09, as per a study by industry chamber FICCI.
The study also revealed that India has lagged behind other competing countries such as China, South Korea and Brazil, that export to the US.
This has come about even as US-bound exports from Ireland, Indonesia and Vietnam have grown in the range of 3-12% during the same five month period. Although exports from China, Korea and Brazil have also dropped, India fared the worst, as per FICCI.
But India outperformed Malaysia, Taiwan, Thailand, Russia and Singapore for the period.
In the first two months of 2009, Indian exports to the US dropped 23%, much more than the fourth quarter of 2008, indicating a worsening situation. In the previous quarter (July-September 2008) exports actually grew 14%.
Žiadne komentáre:
Zverejnenie komentára