New Delhi, Dec 1 (PTI) India's exports are expected to break the 13-month long falling trend and turn positive from January next year, global financial services firms Goldman Sachs today said.
"Due to both the easing of the base as well as sequential up-ticks, we expect a rapid improvement in the yearly export data over the next quarter, moving into positive territory in January 2010," Goldman Sachs said.
Exports fell 6.6 per cent for the 13th month in a row in October, though the decline was not as steep as witnessed in earlier months of the global financial crisis.
The firm expects Indian rupee to appreciate at the same time. It also expects stronger growth, higher inflation, the consequent tightening of policy rates by the Reserve Bank of India (RBI), a pickup in capital inflows following positive election results and reforms.
Source : PTI