India the next economic superpower has just announced an increase in the countries exports by an enormous 15% for the 2010-2011 fiscal year.
This news is a welcome statement to Indian firms wanting to export goods to other countries, as since October 2008, India's exports have been on a declining route due to the global economic recession.
In May 2009, India's merchandise exports saw a mammoth decline of 38.9%. However, the good news is that the country has made steps on arresting the downturn, and in October 2009 it stated that the decline had been reduced to just about 6.6%.
The country's positive steps to improvement might see India considerably growing its exports next year and might finally make a massive impression on the global economy.
1 comment:
For Asian countries such as Japan, China, and India, we want to export more products to foreign countries to make profits. India has been growing really fast in a past decade and 15% increase in export will help them to boost their economy earlier than other countries in the world.
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