Perfect Sourcing - November 2018
Get Perfect Sourcing along with 8,000+ other magazines & newspapers
Try FREE for 7 days
1 Year$99.99 $49.99 Save 50%
Get Perfect Sourcing
Buy this issue $1.99
Subscription plans are currently unavailable for this magazine. If you are a Magzter GOLD user, you can read all the back issues with your subscription. If you are not a Magzter GOLD user, you can purchase the back issues and read them.
- Magazine Details
- In this issue
Magazine Description
In this issue
The grass is always greener on the other side… You must be thinking why such a heading for my editorial post Diwali when people and industry have just got over with celebrations and fun filled period. This is because when we as an individual, as a entrepreneur or as a professional see others we tend to feel that we are less privileged. For instance, exporters in India are always envy of Bangladesh, China or any other country because of the advantages they have in their respective countries and the growth they are seeing over the last few years. However, as per the latest information available Indian apparel and textile exporters are seeing a good growth mainly because of the dollar and rupee crisis. The Indian currency has weakened by about 8-9% since the start of the year against the US Dollar. The depreciating value of the currency acts as a direct subsidy for exports while acting as a punitive tax on imports. Also, the undervaluation doesn’t fall foul with the regional or multilateral agreements in the way export subsidies do. In simple words, a weaker rupee has lent some competitiveness to India’s ailing exporters because it makes products cheaper for the buyers in dollar terms.
Cancel Anytime [ No Commitments ]
Digital Only