Sharma confident of exports
New Delhi, Nov. 14: Robust growth of over 27 per cent in exports during the first six months of FY’11 has fuelled hopes that India may cross the trade target of $200 billion for the entire fiscal, the commerce and industry minister, Mr Anand Sharma, said on Sunday.
In April-September this fiscal, Indian exports aggregated to $103.30 billion, a 27.6 per cent increase vis-a-vis the corresponding year-ago period.
“In the first six months, we have achieved $103 billion (worth of exports) and am sure that we will be on course to complete $200 billion (target) and go beyond,” Mr Sharma said .
India’s exports, which declined by over 3 per cent to $178.75 billion in 2009-10, shot up by an annualised 23.2 per cent in September this year to a two-year high of $18.02 billion.
Stressing on the need to increase India’s share of global trade, he said: “By 2014, we expect to double India’s export of goods and services. It shall be our endeavour that industry and government work in tandem to achieve this target as well.”
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