Exports to rise 17 pc this year; job losses to be there: Nath
The Centre on Wednesday said the country's exports will see a jump of 17 per cent at the end of this financial year and there would be job losses.
By PTI |
MUMBAI: The Centre on Wednesday said the country's exports will see a jump of 17 per cent at the end of this financial year and there would be job losses.
"I still see a growth in exports. The overall growth of exports for this financial year will be 17 per cent," Union Minister for Commerce and Industry, Kamal Nath, told reporters here.
"There would be some job-loss in exports," he said. The demand in certain sectors has been curtailed because of global depression, which has taken place," he said.
On contraction in IIP figures, he said, "They have reversed themselves and we will see them next week."
Certain sectors are showing an upturn, he said.
"I still see a growth in exports. The overall growth of exports for this financial year will be 17 per cent," Union Minister for Commerce and Industry, Kamal Nath, told reporters here.
"There would be some job-loss in exports," he said. The demand in certain sectors has been curtailed because of global depression, which has taken place," he said.
On contraction in IIP figures, he said, "They have reversed themselves and we will see them next week."
Certain sectors are showing an upturn, he said.
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