Exports to rise in Jan-Mar quarter: Anand Sharma
New Delhi: India, more than a year after the global financial meltdown contracted its exports, today exuded confidence that exports would start rising in the January-March quarter because of a recovery in developed markets.
"Steep fall in exports has been arrested. In the final quarter of this fiscal, we will see positive growth," Commerce and Industry Minister Anand Sharma told the Economic Editors' Conference here.
Sharma said various policies and incentives of the government had benefited exporters who have been reeling under the demand slowdown since October, 2008.
Exports declined by 13.8 per cent to USD 13.6 billion in September as demand in India's traditional markets of US and Europe slackened due to recession.
The pace of decline of has slowed since May when it tanked 39.2 per cent and in August it dipped 19.5 per cent.
Sharma said his ministry would review the performance of different sectors by middle of this month and may announce sector-specific packages.
"I have directed Commerce Secretary and Director General of Foreign Trade... We should be ready with detailed review and if required we will do more (incentives)," Sharma.
Sharma said a package for small coffee growers is on the cards.
Without giving details, he said the Cabinet would soon consider the package.
Bureau Report