RTTNews - Indian exports, already hit by global recession, are likely to further slow down in export-dependent sectors like information technology (IT), textiles, pharmaceuticals and
oil refiners, report media, quoting Goldman Sachs.
Its economist Tushar Poddar is anticipating the appreciation of the Indian currency, the installation of a stable government and a relatively flexible domestic demand that can lead to more foreign inflows. However, due to the appreciation of the currency, sectors dependent on imports also are expected to gain.
Poddar said that oil-distribution, fertilizer and capital goods companies are the sectors that are likely to gain from the rupee appreciation.
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