India's exports declined

for the third time in March to $11.5b, its 6th continuous fall, and analysts said the global economic slowdown would further reduce overseas sales by Indian companies in the months ahead.

Imports fell by 34% to $15.56b in March from a year earlier due to a slowdown in Asia's third largest economy and average global crude oil prices , narrowing the trade deficit to $4b in March from $6.32b a year ago.

Institute of Economic Growth economist N.R. Bhanumurthy
"The impact of global economic crisis on India is going to be higher in 2009/10 compared to 2008/09.
"After achieving a robust growth for four consecutive years, India's export growth started showing negative trend since October 2008 and is expected to continue for the rest of the year due to recessionary situation in most industrialised nations," he said.


6 comments:

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KnowYourProfit said...

This blog is quite nice and informative, it is our pleasure to post a comment on this usefull blog created by a webmaster

Now as such we all know that in India Elections are just around the corner which would inturn effect the movement of the
Indian Stock Market which means the time has come when a common man should start thinking of investing in the Indian Share Market
which would help him to increase the invested amount because one should not avoid the Opportunities come in Daily Life

We welcome your Quieries at


KnowYourProfit

Rajesh said...

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