Exporters bet on better FY14

Expectation among experts for revival of demand in both older and newer markets

There is optimism on export growth this year among those involved in the trade and experts are betting on a revival in demand in some of the newer markets and the older ones. The government is projecting a 10 per cent growth after the unsatisfactory performance in 2012-13 but quite a few exporters are less conservative. In FY13, exports fell 4.4 per cent to $300.6 billion, pulled down mainly by engineering goods, manmade textiles and apparel. There is hope on these fronts this year. “North America is recovering," said A Sakthivel, chairman, Apparel Export Promotion Council. ...