In terms of specific sectors, the IT Enabled Services sector
was the hit since a majority of Indian IT firms derives 75% or more of their
revenues from the United States
2) The tourism sector was affected. Now is the time to
aggressively promote health tourism. Given the availability of talented
professionals, and with a distinct cost advantage, India can be the destination
of choice for health tourism.
3) The manufacturing sector ramped up scale economies. Real
estate too took the beating. Growth of automobile industry too declined.
What was the Packers and Movers sector's experience during
the slowdown period? What was your experience in the year 2009
Some people say recessions are inevitable; others say they
are healthy, necessary to clean out the system and clear the way for the next
expansion. Finally, while many blame greedy capitalists for pushing things too
far, there are some who believe that the current meltdown is something we
deserved (or earned) because so many lived beyond their means. (Packers and
Movers) No matter what you believe, recessions are never fun. Beneath all the
statistics and data are real people facing real challenges. The unemployment rate
goes for a toss, followed by drop in GDP and the global downturn will
pressurize the Indian economy more next year and the government has to speed up
reforms and boost investment to sustain high growth rates. Global crisis could
also weaken the balance sheets of the financial institutions, cause a further
fall in share and asset prices, and challenge the macroeconomic situation due
to shrinking global growth.
The effects of the global economic meltdown are being felt
by the domestic transportation industry as well. India's auto component makers
are facing one of the biggest crises ever. (Packers and Movers Delhi)
Nobody can predict a meltdown well in advance to shield
oneself from its affects. The only way to cope up with it is to live with it as
it happens and put long term strategies in place to come out of the
situation" DRS Group especially for that matter stuck to the basic
principles of cost reduction and optimum employee productivity would survive...
If we have a closer look, 3PL service providers like ours were doing exactly
this for their clients i.e. delivering exceptional customer service, falling on
timeliness and reduction of cost because of expertise and volumes. So for 3PL
service providers in order to survive they need to fall on their commitments
and in these tough times should also pass on the benefits of their reduced
vendor cost to the customers (Packers and Movers Pune)
How do you foresee the business for the year 2010?
Packers and Movers costs in the country amount to around
12-13 per cent of GDP. Warehousing is going to be the focal point in the next
coming months. Indian economy is growing approximately to 8.5% and warehousing
and inventory management cost constitutes around 6% of the GDP. There has been
a steady increase in the demand for advanced warehousing in view of the growth
of retail sector. Therefore one has to come up with innovative ways for
reducing cost and optimize utilization of resources. This will enable the
warehousing segment to grow at a fast pace. With a fleet of 850 trucks now, DRS
Agarwal Packers and Movers is looking at adding 200-250 trucks each year
starting from March 2010. The company clocked revenues of around Rs 300 crore
last year. We foresee an up tick of 20-25 per cent this year
Call it prediction or fervent hope, this recession will end
for India, it may be sooner than the rest and also with a positive outcome.
(Packers and Movers Noida)
http://www.noidapackers.co.in/
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