Summary
India will likely to miss its target in current fiscal. There will be a shortfall of about 20% in the export of luxury goods from India. This shortfall is due to the current economical and financial Crisis around the World.
Analysis
Indian Exporter will miss thier target by about 20% in the current fiscal and it is also expected that India will also miss thier annual target beacuse of current economical and financial problem around the world. It is expected that the shortfall is going to be around $40bn.
All the sectors of luxury goods from Gems, Gold, Garments,textiles, diamond, apperal everything is falling.
This year world is experincing really a bad time and in this period a downfall is very much expected. All industries and companies are suffering from it.
Diamond industry is also badly affected by it, many of production houses in India has shut down thier units due to slow demand, weak supply and high prices.
This year Gold has also been very fluctuating which results in slow demand around the country and in global demand.
It is expected to continue till next year so no big change is expected now rather then just achieving old figures.
