Christmas may bring cheer to the manufacturing and export sector

Christmas celebrations are fast approaching and people around the world are eagerly waiting for the arrival of the new decade.

Starting from the Y2K bug, the World Trade Centre attack, the boom in most domestic markets, and then a sudden downfall in the bourses towards the fag end, we have seen many ups and downs in the current decade. While the world markets recover from the downturn, a festive season knocks the door and shows a path for a glorious start once again.

The most cheering aspect is that consumers are regaining confidence in investing into the stock market. They certainly have more purchasing power in their hand and are willing to spend more. Christmas is a good time when manufacturers of unique Christmas gifts, X-mas crafts and decorative supplies, wall-hangings, presents and cards, Christmas trees, handmade embroidered gifts, etc can build up stocks anticipating a steady demand. To find more information about manufacturers, visit VDealX/.

In India, particularly, some recent results have been very notable. The IIP data released by the Central Statistical Organisation (CSO) for the month of October 2009 shows that the index is 10.3% higher as compared in the month of October 2008 when it declined to 0.6 percent. In the automobile sector, the car sales in India in the month of November rose 61% from the year earlier. These trends show that the market is gaining ground again and it seems likely that the demand would only rise. Hence it is an opportunity for the manufacturing and export sector to find the right markets for their products so as to register an impressive growth. For some countries Christmas and the New Year comprises the two most important events in the year and there is a huge demand for decorative items, gifts and cards, consumer goods, etc. Therefore the exporters need to identify the potential business opportunities.

Among the sectors that are likely to see a huge expansion are the automobile, petroleum, diesel, coal, etc. The food, beverage and tobacco, and wood and paper product sectors may also show considerable growth. Textile, clothing, footwear and leather sector will also register progress apart from retail and communications sectors due to improved buying by the consumers during this festive season. All in all it seems that the economy is set to bring a lot of cheer and a dynamic and steady growth.