SME Times is powered by   
Search News
Just in:   • CM woos global investors, aims to help Karnataka rural economy  • Adani Capital acquires Essel Finance's MSME loan business  • SMEs get relief as cut-off date for monthly GST returns extended  • FIEO calls for more benefits for MSME exporters  • L&T's Q3 consolidated net profit up 16.5% 
Last updated: 20 Jul, 2019  

Exports.9.Thmb.jpg 'Decline in exports reflects worsening global economic conditions'

exports-new012010.jpg
   Top Stories
» SMEs get relief as cut-off date for monthly GST returns extended
» FIEO calls for more benefits for MSME exporters
» Slowdown to affect insurance sector: Report
» Budget may offer production incentives for fabless chip cos
» 45% SMEs against Centre's right to seek customer, supplier data
SME Times News Bureau | 20 Jul, 2019

Reacting to the sliding merchandise exports growth during June, 2019, FIEO President, Sharad Kumar Saraf said that such a de-growth in exports is a reflection of sluggish global demand and rising tariff war. 

The high exports base of June 2018 contributed in no less measure. The softening of crude and steel prices also pulled down exports.

FIEO Chief is of the view that due to US-China Trade war and developments in Iran further aggravated the problem of the world economy. The uncertainty attached to it will also affect the flow of investment and add to currency volatility.

Only 9 out of 30 major product groups were in positive territory during June 2019 including some plantation and agri sector, iron ore, ceramic products & glassware, drugs & pharma, electronic goods and jute manufacturing including floor covering.

Rest all major sector of exports including almost all labour-intensive sector exports besides petroleum for first time in recent times were in the negative with such a decelerating trend.

Saraf said that domestic issues including access to credit, cost of credit especially for merchant exporters, interest equalization support to all agri exports, benefits on sales to foreign tourists and quick refund of GST should be seriously looked into.

 
Print the Page
Add to Favorite
 
Share this on :
 

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

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Jan, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(3)
» MSME: Budget expectations(1)
» China's forex reserves reach USD 2.85 trillion(1)
» 'Capital Adequacy Ratio' above regulatory norms: Yes Bank(1)
» KVIC opens first silk processing plant in Gujarat(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter