Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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The U.S. is our biggest customer. There, one sees a GDP growth of around 2% and that is a very refreshing change compared to the previous years. E-commerce is getting an upside. With the GDP growth, customers are coming out to retailers to buy.Departmental stores are struggling but tier two retailers are doing very well. But let’s see by 2020 what will be the scenario. Right now it is all poised for growth, but according to experts, recession is overdue. India being in the prime of cotton growing, we can export more cotton products and we are in a good position to expand our business in the U.S.If I look at Europe where Brexit is long awaited, U.K. market is in for a struggle. But there is opportunity in the Scandinavian and Nordic countries. East European countries are coming up well. The rest of the markets are doing well.
