The Hindu Business Line : Corporates feel exports will rise in 6 months: FICCI survey

Sixty-eight per cent of the companies feel that the next six months would see their export levels improve, according to a survey conducted by industry chamber FICCI. There is all-round optimism amongst the exporting community with 85 per cent of the respondents to the FICCI Export Survey for the second quarter of the current fiscal upbeat on this front.

Export Growth

Regarding the expectations for the next six months, 58 per cent of the firms feel that industry level export conditions would improve further. The survey shows that the country may be moving towards a phase of stabilisation in export growth. It shows that the high export growth rates of the last few months are likely to be maintained in the next few months with a low probability of surprises on the upside.

Nearly 48 per cent of the survey respondents reported that the current overall export conditions are `moderately to substantially' better as compared to the last six months. Further, nearly 54 per cent of the respondents have opined that they expect the overall export conditions to improve in the coming six months.

Export Conditions

While 44 per cent of the companies reported that the current export conditions at the industry level are `moderately to substantially' better vis-à-vis the last six months, this figure jumps to 55 per cent in the case of current export conditions at the firm level. The survey was conducted and responses analysed during October-November of 270 companies with turnover of up to Rs 20,000 crore.

They represent sectors such as automobiles, consumer durables, food processing, FMCG, textiles, handicrafts, metal and metal products, heavy engineering, pharmaceuticals and chemicals.

Further, the survey results show that exports are likely to witness good growth in the next six months in the markets of South East Asia, US, SAARC countries, West Asia and the EU.

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