Presently, the growth forecast of the Central Statistics Office is 4.5 percent, and since March, we at the Central Bank, had forecasted that growth would be 4.6 percent. Now we have every reason to believe that it could be above 4.6 percent. Let me explain: growth of exports in our main sectors, whether textiles, seafood and tourism, is buoyant.
The order books are full for the textile sector. Since our competitors have higher levels of inflation, for example in China, we believe that prospects are improving for our exporters. Our export revenues reached a record level of 15.2 billion rupees in the first quarter of 2011 (quarter on quarter) compared to the last five years.