Exports to the rescue

Given that few sectors, like IT and automobiles, have shown good results for the September quarter, it is a no-brainer that India Inc will take a few quarters to bounce back. What is interesting, however, is the increased share of exports in the toplines of various companies, Tata Steel and Tata Motors are the most obvious names that come to mind—this is both the result of a 10% fall in the rupee’s value as well as the fact that global trade volumes have begun to pick up.

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