Financial Daily from THE HINDU group of publications
Wednesday, Jul 23, 2003
Financial Daily from THE HINDU group of publications Wednesday, Jul 23, 2003 |
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Corporate
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New Products & Services DHL trade outlook presents global trends Our Bureau
(From left): Mr Ramesh Natarajan, Head of Marketing, DHL India, with Mr B. Narayanaswamy, Executive Director, Indica Research, and Mr Kaushal Sampat, Manager-Data & Operations, Dun & Bradstreet India, at the FDCI-DHL Business of Fashion Seminar series held in Mumbai on Tuesday. — Paul Noronha
Mumbai , July 22 DHL has launched a monthly India Trade Outlook, which will be compiled by Dun & Bradstreet. The outlook will offer a capsule of key developments in the trade arena, capture recent trends, present the future outlook, and give an idea about the competitive environment. Each issue will also offer an in-depth look at a specific sector and a country, besides an interview with a leading exporter or Government official. "Global trade barriers are coming down, and there is a sense of increasing importance of the global value chain," said Mr Kaushal Sampat, Manager-Data & Operations, Dun & Bradstreet Information Services (I) Pvt. Ltd, at the launch at the Lakme India Fashion Week with Liberty. "Exports are a growth engine, so there is an increasing need for understanding global dynamics, projecting business trends and identifying business opportunities early, as also assessing threats." The percentage of exports to GDP in India was less than 10 per cent, compared with about 120 per cent for Singapore and close to 200 per cent for Hong Kong. Also, India's share in global exports had grown only to 0.8 per cent from 0.5 per cent in 1990. But the share of exports in India's GDP had grown to 10.2 per cent from 6.7 per cent in the last 10 years, Mr Sampat said. But coupled with the opportunities, there were also complex trade issues, and there was a need for accurate data and value-added analysis, which the India Trade Outlook would provide to subscribers - about 2,500 top exporters, Government officials and policy makers, he said. DHL has also launched a quarterly Trade Confidence Index, which will be compiled by Indica Research. The first index, based on research in May-June, puts the all-India exporter confidence level at 58 (out of a possible score of 100). While confidence is high for order expectations (72.7) and demand conditions (68.2), it is low for policy context (47.5), macro-economic context (51.3) and attitude of US customers (52). The general demand condition is rated as `favourable' by 63 per cent of exporters. For short-term order expectations, the outlook for UK is favourable, while it is low for Germany and West Asia. For long-term order expectations, the outlook for West Asia and EU is high, according to Mr B. Narayanaswamy, Executive Director, Indica Research.
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