Things are looking better in the international markets, as is seen in the improvement in exports. The recovery in the US economy is of great significance as it would move rest of the world, while the European governments and the central bank are trying their best to revive their economies.
For Indian products if we are able to improve our competitiveness in several key areas like textiles, engineering, gems and jewellery and petroleum products, we can easily cross USD 350 billion in the current fiscal. Improvement in the US economy would help both merchandise and service exports.
But as is being realised by the new government, the ease of doing business for the manufacturers and trader exporters has to improve along with the costs.
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