Indias exports face challenging times ahead: ASSOCHAM
The Dollar Business Bureau The Associated Chambers of Commerce & Industry of India (ASSOCHAM) has raised concerns over the decline in industrial production in October 2014 and has urged the government to develop new strategies to boost exports. According to India’s Ministry of Statistics, the General Index for October 2014 s is 4.2% lower y/y, with the Index of Industrial Production (IIP) for manufacturing showing a y/y decline of 7.6%. D.S. Rawat, Secretary General, ASSOCHAM said, “The 4.2% decline in industrial production in October 2014 has come as a shocker of sorts for us. While we were in a party mood over declining energy prices, little did we realise that the phenomenon was a clear signal of the demand ...
