Expect lower CAD in coming months: India Inc

Oct 01 2013, 09:41 IST
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SummaryGlobal economic situation on mend, our exports should continue to march ahead in coming months.

going forward, with the positive turn in exports evidenced during the past two months along with early signs of revival of the US economy and strengthening of the economies of both Japan and China would support exports and bring down CAD to a range of 2.6 per cent as indicated by the Ministry of Finance," said Chandrajit Banerjee, Director General, CII.

A favourable policy environment such as lowering the cost of credit for exporters and providing priority sector status for export finance to improve their cost competitiveness in the international markets would help to further improve exports, he added.

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