“With a renewed value proposition, we look forward to a terrific future, with growth estimates of 13-15 per cent in 2010-2011 for the export sector and 15-17 per cent for the India market,” he said.
It expects the domestic market (including call centres and other kinds of "business-process outsourcing") to expand by 15-18% in the year to March 2010, compared with exportgrowth of just 4-7%.
Even financial markets with little direct exposure to mortgage-related assets risk becoming destabilized by diminishing market confidence and slowing exportgrowth.