Economic Survey 2011-12: Trade as engine of growth may not be robust, says Indranil Pan, Kotak Mahindra Bank

NEW DELHI: With the Economic Survey 2011-12 acknowleding the volatility in exports, Indranil Pan, Kotak Mahindra Bank said that he did not expect a 40% growth in the exports sector.


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"Even as China is moving more towards a more consumption oriented basket, the clear message is that trade as an engine of growth globally might not be as robust as it was in the last couple of years or even before that," he told ET Now.

"India would definitely struggle in terms of the exports dynamics going forward and therefore, we are not building in more than 15-16% growth in the overall exports for the economy for the next financial year, assuming that there would be a muddle through situation in the global growth environment," he added.