India's robust maritime sector could weather the financial storm

When will it all happen? How bad will it get? These are queries that are buzzing around Indian players in the shipping field while mulling over the financial meltdown. But as our policy makers would like to depict, the fundamentals are strong and the possibility of the Indian maritime sector feeling the effect of the global financial crisis will witness a quick turnaround coming out of the present financial crisis safe and sound.

Hope is writ large all around, with what is being considered as a positive outcome of the US elections with Barack Obama making history. The US president elect is expected to bolster measures to overcome recession in the world's biggest economy. Significantly, the return of investments into India is expected to benefit the rupee. The strengthening of the rupee and prices of crude oil coming down are their certain expectations.

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