×
233
Fashion Jobs
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
MARAL OVERSEAS LIMITED
General Manager _ Accounts
Permanent · Noida
RANG BANDHEJ RETAIL PVT. LTD.
Accounts Executive
Permanent · Ahmedabad
SMART CONSULTANCY SERVICES
vp/General Manager (Operations)
Permanent · Chennai
TECHNOVALUE SOLUTIONS PVT. LTD
Senior Sales Engineer / Area Sales Manager
Permanent · Baddi
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
OAKBRIDGE PUBLISHING PVT LTD
Area Sales Manager
Permanent · Pune
AVANTOR
sr. Account Manager- Lab Products
Permanent · Kolkata
ANTLIA FINTECH PRIVATE LIMITED
Area Sales Manager
Permanent · Prayagraj
EXTRAMARKS EDUCATION
Area Sales Manager- B2B
Permanent · Hyderabad
ERA UNIVERSITY (ERA EDUCATIONAL TRUST)
Production Manager- Lucknow
Permanent · Lucknow
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Hyderabad
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
sr. Area Sales Manager / Territory Sales Manager - Fmcg Personal Care
Permanent · Purulia
NASCENT INFO TECHNOLOGIES PVT. LTD.
Sales Manager(Egovernance Software Solutions)
Permanent · Ahmedabad
MOTILAL OSWAL FINANCIAL SERVICES
Opening For Territory Manager B2B Sales - Mumbai
Permanent · Navi Mumbai
FORTUNE HR SOLUTIONS
Merchandising Manager
Permanent · Chennai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
By
AFP
Published
May 1, 2009
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Indian exports dive 33 pct in March

By
AFP
Published
May 1, 2009

NEW DELHI, May 1, 2009 (AFP) - India's exports slid by a third in March, their sixth straight monthly fall, figures showed Friday, as the global financial slump gouged demand in the country's main US and European markets.

Exports fell 33.3 percent to 11.5 billion dollars in March from 17.25 billion dollars in the same month a year earlier, according to government data.

Imports slid by 34 percent to 15.56 billion dollars, reflecting a tumble in world oil prices and falling demand in a faltering domestic economy.


FIEO President Mr. A Sakthivel (R) meets the Honourable President of Chile Dr (Ms)Michelle Bachelet (centre) on 17th March at a State Banquet hosted by the Honourable President of India, Mrs. Pratibha Devisingh Patil (L)

For the fiscal year to March 31, 2009, exports grew by just 3.4 percent to 168.70 billion dollars, just short of a reduced government target of 170 billion dollars, while imports climbed 14.3 percent to 287.8 billion dollars.

The government has forecast more bad news in the months ahead for export demand for made-in-India goods -- like textiles, jewellery and handicrafts.

Commerce Secretary G.K. Pillai said exports would keep falling until at least September and that recovery would be only gradual.

Exports account for around 15 percent of India's gross domestic product.

"Europe, the US and Japan are all entering into recession in a synchronised way, causing this collapse in (Indian) exports," said economist Claire Innes of London-based IHS Global Insight.

"But where India has got a bit more advantage is that trade still represents quite a small proportion of overall growth so it has a little bit more insulation from the global downturn" than export-reliant nations, she said.

"If the government can keep domestic demand up, it (the economy) will have some protection," Innes told AFP.

The economy is seen slowing to around six percent this year -- the weakest in seven years -- from an estimated 6.5 to 6.7 percent last year, according to the central bank.

Before the global financial crisis, the economy was growing by around nine percent.

Export-dependent industries are reeling in the country of more than 1.1 billion people.

A. Sakthivel, president of the Federation of Indian Export Organisations (FIEO), has said there would be "approximately 10 million job losses" due to the export slump.

India logged a robust 30 percent year-on-year export growth between April and September last year. But foreign shipments started shrinking in October as the impact of the worldwide financial crisis set in.

The ministry cut its export goal for this year to 170 billion dollars from an initial target of 200 billion dollars set when the global economy was booming.

Ratings agency Crisil principal economist D.K. Joshi forecast exports could grow by about five percent in the current fiscal year.

The March slide in imports narrowed India's trade gap to four billion dollars for the month from 6.32 billion dollars in the same period a year earlier.

The full-year trade deficit rose to 119 billion dollars from 88.5 billion the previous year.

Innes said she expected a "bottoming out" of the decline in global export demand later this year but added, "We don't see a full recovery in world trade until calendar 2011."by Penny MacRae

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.