Foreign investors doubt India’s export numbers

[Aramsogo]

MUMBAI: On Friday, as stocks across markets plunged, foreign portfolio managers and India economists with MNC banks were taken aback by a strange query from many of their offshore clients. These investors, who largely depend on external advice and research reports to buy shares, were questioning India’s stunning export numbers.

When India’s biggest export markets were battling fears of recession, how could Indian exports grow at a consistently scorching pace of 30% for the past eight months? They backed their argument with IMF monthly trade statistics that indicated that “other countries import from India” don’t match with the commerce ministry’s numbers on “exports”.

Foreign investors doubt India?s export numbers-Foreign Trade-Economy-News-The Economic Times on Mobile

 

[praful]

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[jdme]

Dayyum...This is the end...Good thing no one is investigating our GDP numbers!