Business IdeasExporters suffered loss worth Rs 8,982 cr: Scindia
India suffered loss of export orders worth Rs 8,982 crore in nine months since August 2008, on account of global recession, Minister of State of Commerce and Industry Jyotiraditya M Scindia informed Rajya Sabha today.
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"A sample survey conducted by the Department of Commerce (during August, 08 till April, 09) for 648 exporting units for various sectors located across the country revealed loss of export orders to the extent of Rs 8,982 crore," Scindia said in a written reply.
He added the government was closely monitoring the situation.
Replying to another question, Scindia said a survey by Directorate General of Foreign Trade for exporting units in 17 sectors sectors revealed job loss to the tune of 134,593 persons during the period.
"This does not reflect the total job losses which would be higher," he added.
The sectors that saw maximum job losses include textiles, drugs, chemicals and pharmaceuticals and handicrafts.
India"s exports after posting a handsome growth of over 30 per cent in the first half of the last fiscal are on down slide since October 2008. The exports in 2008-09 stood at $168.7 billion, a mere 3.4 per cent growth over the previous year.