PM may discuss slowdown with exporters this week

The global meltdown will have impact on the Indian export sectors and its time to review the export sector. According to media reports, the Prime Minister Manmohan Singh may meet leading exporters this week. However there is no schedule is not finalized yet. The Indian banks are not accepting Letter of Credit of foreign banks and this is the concern for the export sector in India.

The global crisis is everywhere and almost all the sectors have been badly affected. There are sings of recovering seen across the world from the global crisis. The month of October and November are the very important for the exports are they will need to meet the Christmas season demands in the foreign markets. Any fluctuation at this juncture would prove a major loss for them.