Indian economy on roller coaster ride :CNBC TV18

CNBC TV 18 and DHL presented Indian Exporters: Walking a Tightrope forum in Delhi on Tuesday . The forum was aimed at helping the Indian exporters explore structural methods to overcome economic fluctuations, with key insights on Indo-US trade patterns.

This unique on ground initiative saw prominent policy makers, senior management officials and renowned experts like Mr. G K Gupta, President, Federation of Indian Export Organization, Mr. R Gopalan, Additional Secretary, Commerce Ministry, Ms. Geeta Murlidharan, General Manager, Export Credit Guarantee Corporation of India, Mr.Devdip Purkayastha, VP-Strategic Planning & Business Development, South Asia.-DHL, Mr. Vineet Bhatia, proprietor, Beads Kingdom and was moderated by a Shereen Bhan, CNBC-TV18.

In the 60th year of Independence, India stands at the cross roads of economic development. Foreign trade has played a crucial role in India’s economic growth. During May 2007 the exports were valued at US $ 11861.28 million which was 18.07 % higher than the level of US $ 10045.99 million during May 2006.

While the Indian National Rupee (INR) has appreciated because of capital inflows and strong growth rate promising a progressive India the threat of price pressures from competing markets still exists.

While speaking on the occasion CNBC TV 18 spokesperson said “While the Indian economy has been on a roller coaster ride for a couple of years with a GDP growth of over 8.5% the Indian export industry is still at a threshold of growth. The forum is aimed at understanding the opportunities and threats that exist in front of the Indian exporters especially in the current market scenario and helps them chart out a steady growth plan.”

Leave a Reply