There is a disconnect in the impressive GDP growth figures of India and the ground reality in the manufacturing sector. We in the coating industry are perhaps facing the brunt of it, as we are affected by the slowing down of auto, construction, exports and overall slow down in the manufacturing sectors. India's exports dipped for the 14th straight month, falling by 13.6 per cent to USD 21.1 billion in January 2016 on a y-o-y basis. This was on top of a 9.3 per cent decline in exports in the year-ago month. Tepid global demand and a steep fall in exports of petroleum products and engineering goods drove the decline in India's exports in January.
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