HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > Why India tries, and others cry

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
Why India tries, and others cry
Will others learn from India’s logic of not ignoring newer markets?
27/11/2008

Almost all economies across the globe are facing the negative tide caused by the recent financial crisis that first struck US, and in a rather harsh fashion. And just as unbelievable as this one sounds, all of them could have easily avoided such an ill aftermath. India on the other end is only facing some mild side effects of the mayhem that found its epicentre in US. So where is it that they all went wrong, unlike India? The answer is simple – greed!!! Surprised? Well, what better than a $13.7 trillion economy to have strong trade ties with? And for every other country, that meant partnering with the mighty United States of America and get blind to every other economy!

India’s export catalogue is highly diversified – dominated by products like handicrafts, textiles and leather, which undoubtedly suffered due their falling demand falling in global markets; however, the overseas sales of engineering goods, metals and petroleum products rose during the same period. India’s clientele is also geographically diversified. It strategically eyed China and other developing countries in West Asia as its prospective consumer markets. As a result, when almost all the countries were suffering, India more than compensated any possible loss by dealing with emerging economies and mature economies alike. Today, China is India’s largest trade partner; trade value between the two nations touched a whopping $37.9 billion in 2007.

For now, the chance of India achieving the $200-billion export target set for 2008-09 looks slim, for that would call for India to grow at a stupendous 25% y-o-y (in these recessionary times?!?). Nevertheless, these are times to sustain and not really to grow empirically!

By:- Sray Agarwal
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.