| Date: |
01-03-2011 |
| Subject: |
Gradual Stimulus Roll-Back Not To Impact Exports |
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India"s exports will surpass the USD 200 billion target for the current fiscal and the gradual roll-back of stimulus measures is not likely to impact growth of the country"s overseas shipments, according to the pre-Budget Economic Survey.
It said the outlook for India"s trade has brightened with good growth of 29.5% during the April-December, 2010-11, period. Imports grew by 19% during the period.
Current indications are that India will not only achieve the target of USD 200 billion but surpass it in 2010-11... The gradual withdrawal of stimulus measures by India and other countries is not likely to adversely affect India"s rising exports, the survey said.
However, it said there is a need to remain vigilant about any fallout from the financial turbulence in the euro zone and the new disturbances in the Middle East.
Source : budget.myiris.com
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