If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. "One can also get the benefit while negotiating contracts. If an exporter hasn t hedged, then they would get windfall gains during the period of depreciation, but most of the time, inflation nullifies the benefit given by deprecation," said Ajay Sahai, director general, Federation of Indian Export Organisations.
“More IPOs are happening, in fact record IPOs are happening. Private equity has definitely started using more traction. People are being careful but I do believe that there is traction on private equity investment and private equity for good companies. So, there is a big flight to quality in IPOs and in private equity. VC is probably a little bit slower and rightly so.”
Aziz says India will have an outstanding year if it clocks growth of 5.5 percent in FY24, given that “the headwinds to global conditions are terrible and would be relentless in 2024”