Role of supply chain trade finance in the growth of Indian economy – News 24-7 Live News 24-7 Live
Role of supply chain trade finance in the growth of Indian economy

Role of supply chain trade finance in the growth of Indian economy

India has huge opportunities ahead as it continues to industrialize and commercialize its economy.With significant natural and labour resources available, we should all be confident that Indian economic growth will continue at a pace, especially as other economies in Asia become increasingly mature.

India has huge opportunities ahead as it continues to industrialize and commercialize its economy. With significant natural and labour resources available, we should all be confident that Indian economic growth will continue at a pace, especially as other economies in Asia become increasingly mature. But success requires the right conditions, and Indian companies have had to deal with significant administrative and other hurdles as they modernize and develop.

Supply chain trade finance is vital innovation for Indian companies, reducing the financial cost of importing goods significantly and leading directly to greater agility in supply chains.

As it is widely recognized, international supply chains can be a headache for Indian companies. Indian companies are often not seen as being good credits – although many Indian companies are significantly stronger than their suppliers. The Indian legal system has often been viewed with suspicion from outside – and then administrative procedures can be lengthy and burdensome, particularly the regulations around banking, foreign exchange, compliance, and customs.

Whilst it might seem counter-intuitive to talk about imports in the context of Indian growth, imports are very important. Whilst India does have fabulous resources, many important materials and components must be brought into the country. Indian manufacturing is the engine of its recent growth and the growth to come in the next decade or two. Ensuring that there are solid and reliable international supply chains is vital – and these need to be efficient.

News Source:- Cnbctv18

Leave a Reply

Your email address will not be published. Required fields are marked *

Report News
Google