TUESDAY-22ND JANUARY-2008/EXPORTS TO HALVE IN FY-2009

摘要

MERCHANDISE software and other services export growth will halve in fiscal 2009 due to the global slowdown led by a US recession with negative implications for employment growth, according to Goldman Sachs. While the Indian economy has sufficient internal ballast to withstand the impact of a US recession, which is being increasingly predicted, it could still lose some momentum. However, the structural growth story remains intact and opportunities to invest in one of the more dynamic economies will remain plentiful.