| Date: |
11-04-2015 |
| Subject: |
India may fall short of 2014-15 exports target by almost 8% |
NEW DELHI: India is likely to miss the exports target of $ 340 billion set for 2014-15, falling short of the mark by almost 8 per cent at around $ 314 billion, a top official said.
According to Directorate General of Foreign Trade (DGFT) Pravir Kumar, it appears "difficult" to achieve the $ 340 billion merchandise exports target.
Asked about the quantum of total merchandise exports the Commerce Ministry expects for the current fiscal, Kumar told PTI: "Almost at par with the last year. Last year, we were at $ 314 billion, so around that only."
He was speaking on the sidelines of a function organised by exporters body Federation of Indian Export Organisations (FIEO) here.
During 2013-14, total value of exports stood at $ 465.90 billion, with merchandise and services accounting for $ 314.40 billion and $ 151.5 billion, respectively.
The target for total exports for 2014-15 is $ 500 billion, with merchandise and services expected to be at $ 340 billion and $ 160 billion, respectively. PTI RSN RAM ARD SA 04101556 NNNN
According to DGFT Pravir Kumar, it appears "difficult" to achieve the $ 340 billion merchandise exports target.
Source : economictimes.indiatimes.com
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