Global financial crisis may hit export sector

The on going global slowdown would hit the Indian export growth. The export of India witnessed 30-33 per cent growth in 2007-08. The global financial crisis would certainly effect on the export sector.

The government however may declare further packages for many sectors in near further to minimized the damage out of the global slowdown.

The export sector from the mid current year has been affected due to the global economy tumble and the fluctuation in foreign values. Many nations have been hit due to the global slowdown and one of the major economies – Japan come under grip of recession.

Hope the government may come out with special attention towards the export sector to bail out from the impact of global financial crisis.