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Year 2009 - revival of new hopes
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Bikky Khosla | 29 Dec, 2009
Without doubt year 2009 signaled hope of a pick up in 2010 for the Indian industry after a year of hopelessness owing to global economic recession. Whatever cynics may say, I feel 2009 was a good year when we compare the course of events of 2008, when things really slowed down.
Perhaps the best part of year 2009 is that it has signaled the revival of the industry - both domestic and global. Entrepreneurs in most sectors are optimistic about 2010 and stand to profit more from the cost reduction strategies they had made during recession.
I think companies, especially SMEs, in the first couple of quarters should look for ways of sustainable growth before they start working on expansion plans they had thought of before the 2008 slowdown. It is understandable that several companies, primarily those in the export sector, due to lack of overseas orders had been forced to shelve their plans abruptly. Year 2010 will probably be the year to start working on these plans once again.
In addition, over the past couple of weeks, I have noticed a positive trend in our country's traditional export markets. Buyers and sellers in these markets whose confidence was hit greatly during the tough times are now shifting their focus from survival to growth. This is good news for us. With high confidence levels of buyers in our traditional markets, say in US and Europe, we stand to profit largely.
The industry has come out of a major crisis. Right now it's time to start anew and 2010 is the year to make a new beginning. For 2010 and later, I certainly wish for the Indian entrepreneurs a better set of options to choose from.
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Exports Deminishing
Sujo John | Thu Jan 14 04:08:00 2010
What I feel is in the course of time, exports will gradually diminish except for IT and automobile related industries. The traditional export oriented indutsries like Textiles will turn towards domestic market which by then will become a big market having potential to pay more for high end products which our traditional exporters used to export.
Rupee will become strong and imports will be cheaper for machines and other manufacturing accesories. Trade balance will be matched by FDIs in industries as wellas share market.
industrial growth
KULWINDER SINGH | Thu Dec 31 08:28:42 2009
The Industrial Growth as projected in the report and interview above are just good words on paper and have very little to do with reality.
I myself am involved with production in industry and know for a fact that industrial revival is yet to come.
The only revival is connected with the automobile industry which is on a high because of the rise in salaries of govt. and public sector employees and the installments of dues that they have received.
Industrial growth --- as we know it is still some time away.Our internal economy being strong will help our revival sooner than in the west since our internal demand is far greater than theirs--- one thing which is positive about a country of too many people that drives the internal markets constantly.
Another boost is because of all the development due to CWG. All the projects are keeping the economy to grow.
It is not the revival signs of the economy in recession that have boosted the growth in these sectors.Therefore the actual revival is yet to come.
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Re: industrial growth
priyash bhargava | Thu Jan 7 05:33:40 2010
I agree with kulwinder singh . I am one of the only manufactures of computer peripherals from past three years , now low demands and low dollars has fucked the nerves of our industries . profits margins are keep on narrowing . I am paying salary to my labour from past six month for nothing .
government fails to balance the imports rates with the costing of manufactures .
Chinese currency is fixed to 6.81 rmb and
dollar is cheaper , that's why imports are cheaper than manufacturing . Steel prices are so high than international market , that's cut our exports too . Government aids our just in paper in ground realty its need itself great first aid .
All customs in our country works on bribes
any things can be imports without any respective duties . Only SME fucked in between such recession .
Government always have industrial growth without any ground realty
IF Indian government have balls to fixed our currency to RS50 against dollar no power in world can stand in the path of our success
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Re: Re: industrial growth
pasquale bencivengo | Fri Jan 8 17:29:18 2010
dear mr, i do not know you, but i like how you talk. i have company in CH doing import-export consumer-electronics. brand-new ,and used. so i am looking for new opportunities to find new customers or suppliers.
is there anything we can do? on a longterm ? weekly? using logistiks in between the parties doing inspections and hold for releases.?
should we change products, and do glass or steal or what-ever.
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Re: Re: Re: industrial growth
frank | Sun Feb 21 18:08:21 2010
Austria business,,,?
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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