Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Exports

FIEO Cautioned Exports May Continue To Struggle

FIEO Cautioned Exports May Continue To Struggle

author-image
SMEStreet Edit Desk
07 Oct 2019 13:17 IST

Follow Us

New Update
Sharad Kumar Saraf, FIEO, Exports

Exporters body FIEO cautioned that the export sector may continue to face challenges due to the ongoing geo-political situation.

The challenges in exports will continue and may aggravate with geo-political situation, said FIEO President Sharad Kumar Saraf.

He urged the Government to ensure that various fiscal stimulus announced by the Government are put into operation so that the benefit flows down to the industry.

The Reserve Bank of India cuts benchmark interest rates for the fifth time to support other fiscal measures announced by the Government will boost growth, he said.

The RBI reduced its key lending rate (the repo rate) by 25 basis points to 5.15%, which takes cumulative cuts so far this year to 135 bps, observed Saraf.

The FIEO cheif said that RBI has rightly acknowledged the challenges faced by the global economy as both advanced as well as emerging markets are showing weakening demand and contracted manufacturing.

WTO has already significantly cut its forecast for the global trade growth to 1.2% for 2019.

The challenges in exports will continue and may aggravate with geo-political situation, said Saraf, urging the Government to ensure that various fiscal stimulus announced by the Government are put into operation so that the benefit flows down to the industry.

The FIEO chief said that reduction in the credit rates will further encourage investment both by the domestic companies as well as by FDIs since corporate tax rate in India is now amongst the best in the world.

He, however, urged the banks to ensure that the cut in the rates by RBI are adequately reflected in the lending rates of the bank so that private investment may be encouraged and consumer loans may get a push to help various segments of economy.

FIEO
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!