SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Exports.9.Thmb.jpg Focus on emerging economies will help exports: FIEO

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME TImes News Bureau | 14 May, 2013
Exporters' body FIEO Monday said that focus on emerging economies will help increasing exports from the country.

"Fourth straight growth in Exports on month -on- month basis augur well for the country," Federation of Indian Export Organisations (FIEO) president M.Rafeeque Ahmed said reacting to April export figures.

The country's exports in April grew by modest 1.68 percent, but imports were up by 10.9 percent year-on-year, as a result, the trade deficit widened in the month of April to USD 17.8 billion as compared to USD 14 billion, up 27.1 percent year-on-year.

The new financial year has started on a positive note and we look forward to build on it. We are aiming for double digit growth in exports to keep trade deficits within manageble limit, observed FIEO Chief.

President FIEO said that focus on emerging economies like Indonesia, Vietnam, Columbia, S. Arabia, South Africa etc would help in quantum jump in exports.

The rising gold imports is a cause of concern but the softening in gold prices is a good news and will help in reducing imports valuewise but there is a need to evaluate rising volume-wise gold imports said Ahmed.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter