Hotline: 1800 102 2007
X
Search Business Opportunities
2011-08-08

Chips down for India as economy slowdowns

Economy slowdowns affecting exports

After the world credit agencies downgraded US’s credit ratings, it is feared that India's exports may get affected in the wake of a slowdown in major economies across the world led by the US.

 

A survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) in the aftermath of the US economic downgrade revealed that there would be a slip in the consumption demand overseas.

"A majority of the respondents feel that the current trend of high export growth will not be sustained in the months ahead. There is significant apprehension about the global economic recovery, which in turn is expected to impinge on consumption demand," said a spokesperson from FICCI.

"The sovereign debt crisis in Euro zone, weakness in the US and moderation of economic activity in China may significantly affect the level of external demand. This could be detrimental to the recently gained momentum in India's exports performance as these economies are India's major trading partners," it added.

Therefore, the recent slowdown in key economies which are important export destinations for India, is not good news. Add to that the rising cost of credit because of incessant rate hikes by the Reserve Bank of India. Moreover, the outlook for exports is also tempered on account of factors such as rising interest rates in India, rising raw material prices and rising cost

Related opportunities
  • Competitive Exam Coaching Institute
    About Us: Do you have high aims? Get connected with Vidyalankar..
    Locations looking for expansion Maharashtra
    Establishment year 1960
    Franchising Launch Date 2010
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Precious Jewellery
    About Us: Jewels Galaxy is known for its uniquely crafted designs..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Computer Hardware & IT
    About Us: Mindlogicx is a global knowledge engineering company , and..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Laundry & Dry Cleaning
    Fully Integrated One-Stop Laundry Solutions Expert! About Us: Waashub is a full-scale..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts