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Created by : Japan Shah, H.O.D, Oxford School of Management  | 08 29 2009 05:47:39 +0000
Industry : LawFunctional Area : India(Markets)
Activity:  278 views;  last activity : 07 06 2010 20:18:09 +0000

Dear All,

The latest foreign trade polics aims to double the Indian Exports by 2014 , also it talks of doubling the share of our exports in the world by 2020. for this the government have given a lot of incentives to various sectors. The best part of the policy is the government has added 26 new markets into the Focused Markets Scheme (FMS), which has most of Ltin America and emerging countries, also the incentive for these markets is incereased...

What do you think, will India be able to double the exports by 2014...

 
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I also believe this is not impossible . India at present is looking serious on boosting export, tax cuts, support and looking for new markets. Also it is important that we give more importance to exports. Though things are looking fine with domestic demand, it is limited. We should have more foreign exposure in our P/L.


By Padmanabhan R, Articled / Audit assistant, Finance student  08 29 2009 17:31:28 +0000
 
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  • Our exports have been pre dominantly to the developed economies, specifically USA, Europe and UK, this is a reason that our over dependence we faced so many problems..
  • The government has taken a right strp in incentivising the FMS and also including the Emerging Economies in, there can be a good volume of trade in these economies.
  • Thus , i believe that INDIA can double its exports by 2014..

By Japan Shah, H.O.D, Oxford School of Management  | 08 31 2009 08:19:33 +0000
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The new foreign export policies say that India will increase its export in 2014 i belive its true because after the recession all the company have faced a huge lose in the global market. To reach again to the same its so much difficult for them in short time, so it will help India in export because the impact of the recession on India is very less and we have more power to develop the products and services at cheaper rate then foreign market so to have a cut in the cost cutting matter the company will find that the products are cheaper to be imported from India rather then manefacturing in our own country and hence our export will increase.


By Mohammadarif.A.Shaikh , Consultant, My Learning Centre (CALORX)  | 08 30 2009 04:47:35 +0000
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Indirectly world recession has been a boon so far for India, wherein India recovered faster than many other economies. It has attracted many investments here in India. Easened finance situation for Tata Motors, Corus 'booster dose' by Tata steel, Harley Davidson opening up in India etc. are examples for easening of recession in India and we have gained the Purchasing Power very fast. Surely, these factors will not only bring India to limelight but also help us double exports before 2014.


By taranath joshi, DGM Operations, EOL,  | 08 30 2009 04:36:28 +0000
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I also think so...There have been new change in our trade policy focing on the markets where we have been least interested over the years which may lead to increase in exports in these markets as well. With keeping in mind India's better offer, price and quality of products, it seems that there is a possibility of increase in demand of Indian products across the globe resulting in multiplication of exports from India. Maybe, it may get doubled by 2014 as well...who knows !!


By Isha Verma, Sales/BD Manager, Larsen & Toubro  | 08 29 2009 10:08:46 +0000
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Yes probably India could double the export by 2014. As new reforms taken place in the trade policy declared for 2009-2014, it seems that India could increase it exports. New trade policy is focusing on new emerging and unidscovered markets where India has lot of opportunities to export its varied range of products and services like Latin American zone, African zone and Australian zone. Till now India exports heavily depended on the developed economies of US, EUrope and to some extent China too but now focusing on new markets we can raise our export volumes in leaps and bounds.

And as Indian comapnies are well known for their competitive price and quality if the country trade policy favours them, so can foresee immense opportunity in future.


By Darshil , CEO/MD/Director, Darshil Cotton Company  | 08 29 2009 07:58:59 +0000
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May be - but doubling domestic consumption will be better in long run.
By Vishnu Dutt Upadhyaya, GM - Marketing, Aditya Birla Nuvo Limited - Unit Jayashree Textiles  | 01 19 2010 17:12:48 +0000
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