Asian Journal of Research in Business Economics and Management
Year : 2012, Volume : 2, Issue : 7
First page : ( 114) Last page : ( 133)
Online ISSN : 2249-7307.

Impact of recession on India's export and aftermath of global meltdown

Marimuthu K.N.*, Ph.D (SRF), Dr. Velmurugan P. S.**, Assistant Professor

*School of Management Studies, University of Hyderabad

**Department of Commerce, School of Management, Pondicherry University

Online published on 4 July, 2012.

Abstract

The research paper concentrates on the India's export and its recovering stage aftermath of global meltdown. Global economic meltdown has affected all over the world in the mid of 2008–09. The effect was more or less across all the countries. India has been influential in recovering the ill effects of recession. The main reason being Indian companies have major outsourcing deals with the US firms and large volume of exports to the US as well as to other countries. From the meltdown effect India faced the challenges like rising inflation, increasing costs, drying cash flow, exchange rate, falling sales, unemployment etc. In the recent period, most of the export industries have been recovered as well as exporting successfully in the foreign market. Further a new outlook is warranted for Indian policy makers, especially in foreign trade, to diversify beyond traditional export and export destinations. Suitable continuous amendments should be given to the foreign trade policy, so that Indian exporters continue to engage in their business actively.

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