No need to rush

An export Downturn and an industrial slowdown prove a double whammy for logistics companies

When commerce and industry minister Anand Sharma last week announced that India would miss its exports targets for FY13, he was just reiterating the obvious. Given that between April and January of the current fiscal, overseas shipments had shrunk by 5% to $240 billion, it was pretty clear that India would miss its stated export target of $350 billion for FY13 by a huge margin.