Global slowdown had little impact on Indias export volume
The Dollar Business Bureau Despite continuous slide in Indian merchandise exports for the past 10 months, the demand for Indian products in terms of volume may not have suffered during the period, said research firm India Rating and Research (Ind-Ra). The agency attributed the downward trend in exports value to the sharp fall in global commodity prices and euro value. In September this year, India’s merchandise exports witnessed a fall of 15.1% year on year in terms of US dollars. During the same period, the average value of euro fell by more than 17%. “The volume demand for Indian exports may not have suffered significantly during the period. In fact, export volumes in certain categories such as automobiles continued to increase,” ...
