India’s exports are likely to slip below USD 300 billion – far below the target of USD 360 billion set for the current financial year – due to the global demand slowdown, impacting the economy.
An internal note prepared by the Commerce Ministry pegs exports in 2012-13 at USD 291 billion.
Even if the global market conditions start improving dramatically from now, merchandise exports at best could be USD 300-320 billion, the note added. India had recorded the highest ever export of USD 307 billion in the last fiscal.
An internal note prepared by the Commerce Ministry pegs exports in 2012-13 at USD 291 billion.
Even if the global market conditions start improving dramatically from now, merchandise exports at best could be USD 300-320 billion, the note added. India had recorded the highest ever export of USD 307 billion in the last fiscal.