With an expected rise in the lending rates, the Government should continue with stimulus measures to support exporters, an industry body said on Friday.
Federation of Indian Export Organisations (FIEO) said it expects the Government to continue with the stimulus packages, announced to
soften the impact of an economic downturn, in interest of the exporters.
Noting that the stimulus packages has had a positive impact on the key sector, FIEO said exports this fiscal are likely to reach around $165-170 billion.
"FIEO hopes the Government will continue with the stimulus, particularly subvention of the interest rates, for exports as interest rates are set to move upward," Federation President A Sakthivel said in the release in Mumbai.
India's export sector achieved an 18.2 per cent growth in November at $13,199 million, as against $11,163 million in the year-ago period.
"This is a clear indication of the adaptability of exporters and, of course, the positive impact of the stimulus extended by the Government," FIEO said.