New Despite the fact that most major economies of the world are still struggling to get out of the post-recession hurt, India's exports seem to be improving much faster than expected. For the month of October, the exports dip was recorded as just 6.6%, as opposed to the 11.4% estimated fall pegged by analysts and experts. The commerce industry has, however, asserted that selective SOPS to the experts market may still be provided in December.

On back of the improvement, the Government is expecting the growth of the county's exports to actually turn positive for October-December quarter for the current fiscal year, as has been confirmed by the Commerce and Industry Minister Anand Sharma. Earlier, exports were expected to show negative growths till the fourth quarter.

With biggest dip recorded in May, of 39.2%, India's rate of exports has been falling for 13 consecutive months, but the situation now seems to be under-control and might soon be reversed.

Despite the improvement, Mr. Sharma, who is soon to depart to Geneva for the World Trade Organization meeting which is to begin on Monday, stressed that the situation is not all that good, and additional SOPS for the sector could still be on their way.

Next week, trade ministers from 153 countries are all set to meet in Geneva to review the functioning of the WTO in the current times of financial troubles.