Significant strides have been made in enhancing its global export competitiveness over the past five years, driven by deliberate policy interventions and industry reforms.
The brokerage’s analysts said that it was just cyclical, that structural growth drivers are still in place
Daniel Kral of Oxford Economics elaborated on the transformation of this central European country
The ex-NITI Aayog Vice Chairman said studies have shown that import duties have been raised on as many as 3000 tariff lines in recent years.
The Board advises the government on policy measures connected with Foreign Trade Policy (FTP). However, the body had been defunct for a long time with the last meeting having taken place in 2013.
A resurgence in orders, demand from new markets and higher global prices resulting from trade volatility since last year have boosted India’s exports of manufactured products such as engineering goods, plastics, chemicals, drugs and electronics
Import growth also likely came off recent highs, which would be a worrying sign for Chinese policymakers counting on domestic demand to shore up economic growth at a time of slower external demand.
Samiran Chakraborty MD & Hd-South Asia Macro Research, Standard Chartered Bank explains the correlation between Core sector data, export growth data and IIP.
India Ratings believes the key risk to India‘s export growth remains a disorderly market response to attempted reversal of Unconventional Monetary Policy (UMP) and transmission of the shock to real economy in developed markets.
"India needs two structural changes, namely import substitution and growth of manufacturing sector. The country has high current account deficit. If, in addition to focussing on export growth, we can also focus on import substitution it will help in reducing the CAD," Kochhar, managing director and chief executive of ICICI Bank, said.
China's economic rebound should show signs of strengthening on Friday when the first hard economic data of the year are released, although distortions caused by the Lunar New Year holiday will make it difficult to gauge momentum
India's current account deficit widened to a record high of 5.4 percent of GDP in the September quarter as export growth slowed more sharply than imports, with a similar gap expected in the December quarter likely to prolong weakness in the rupee.
China's trade surplus ballooned to its biggest in 45 months in October as export growth darted to a five-month high above 11 percent, surpassing expectations and adding to other data that suggest a less urgent need for new economic stimulus measures.
India's export growth may face difficulties in the calendar year 2012, Trade Secretary Rahul Khullar said on Monday.
Executive Director of Ipca Labs AK Jain tells CNBC-TV18 that they aim to grow exports by 20% in the second half of the current fiscal year.
The Indian IT industry recorded 19% growth in revenues in the 2010-11 financial year to Rs 438,296 crore (USD 96.1 billion).