April futures expiry to increase volatility, keep markets under pressure
Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves.
Vice President M Venkaiah Naidu, while addressing a gathering after conferring FIEO Exports Excellence Awards 2018 in Chennai on Thursday, said that India’s exporters to focus on new markets and new products including sunrise products which show higher growth in global trade including electric, electronic, Tele-communication equipment.
I am happy to be a part of this 4th and 5thset of FIEO’s Export Excellence Awards for the year 2015-16 and 2016-17. I congratulate the award winners for their achievement in the field of export and convey my best wishes for entire fraternity of FIEO. pic.twitter.com/YDbs19wBgS
— VicePresidentOfIndia (@VPSecretariat) January 18, 2018
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With the focus on creating state-of-the-art sea ports, airports and super highways to connect manufacturing centres to ports with best supporting ecosystem, the exports should pick up faster and maintain a steady growth, Naidu said.
Naidu said that the government is giving greater thrust on development of infrastructure, agriculture sector and health sector. These efforts will certainly help Indian economy grow further.
The “Make in India” initiative to support India’s manufacturing sector together with a focus on infrastructure growth and multiple initiatives for boosting domestic demand will further strengthen our economy, Naidu said.
Naidu further said that the decisions of the government including demonetization and GST are expected to have a positive impact in the coming years.
“I am aware of the initial difficulties that the exporters have been facing due to these steps. However, I am sure that the GST Council and the Government have been quite responsive to such teething troubles and have been taking prompt action to address these concerns,” Naidu said.
India was a prominent player in international trade in ancient times. Let us collectively propel it again into a pre-eminent role in today’s global economic landscape.
— VicePresidentOfIndia (@VPSecretariat) January 18, 2018
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