High Demand Exporting Items
The global crisis had produced a wide-ranging yet differentiated impact across the globe which included economic slowdown and contraction in world trade. However, the latest number from WTO now points towards healthy prospects for global trade. The estimate for growth in world merchandise trade volume in 2017 was raised to 3.6%. The previous estimate for 2017 was 2.4%. For 2017 trade growth is placed within a range from 3.2% to 3.9% (WTO, 2017). As per the WTO September 2017 press release “Stronger-than- expected growth is driven by Asia and North America, where import demand is recovering from weak results in 2016. Trade growth should moderate to 3.2% in 2018, within a range from 1.4% to 4.4%, as global GDP growth remains stable. The ratio of trade growth to GDP growth should rise to 1.3 in 2017. Export orders have strengthened signalling sustained trade momentum in second half of 2017. Recovery could be undermined by downside risks, including trade policy measures, monetary tightening, geopolitical tensions and costly natural disasters”. India is projected grow at the rate of 7.4 per cent in 2018 thus becoming the fastest growing economy in the world (IMF, 2018). As per the estimates of the International Monetary Fund (IMF, January 2018), the global economic activity continues to firm up. Global growth, which in 2016 was the weakest since the global financial crisis at 3.2 per cent, is projected at 3.9 per cent in 2018 and 2019.
Easily track your purchase & shipment
If you find that your firm spends too much time dealing with shipping-related issues or is continuously wasting precious time while striving to handle all the relevant parts of the process, then it is time to consider changing the system. We have developed the application for the exporting companies, so that they can track the shipment through their mobile devices. So we provide the best mobile application for exporting companies.