Ex­ports to Stay Weak this Fis­cal, Says Ind-Ra

The Economic Times - - Economy -

Ex­ports are likely to stay weak this fis­cal as global economies strug­gle to sta­bilise, In­dia Rat­ings and Re­search said on Tues­day. “We be­lieve that ex­port per­for­mance is likely to stay weak in FY17, as glob­ally economies strug­gle to sta­bilise,” the agency said in a re­port here. Apart from global de­mand, another ma­jor driver of the do­mes­tic ex­port is es­tab­lished com­pet­i­tive ad­van­tage in spe­cific sec­tors like re­fin­ing, pre­cious met­als, pharma.

MUM­BAI

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