| Date: |
08-11-2010 |
| Subject: |
India Targets 25 Percent Growth in Exports |
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New Delhi, (IANS) India will double its exports by 2014 on the back of 25 percent annual growth and a diversified market, Commerce and Industry Minister Anand Sharma said Thursday.
'With the help of a set of measures announced recently, we will be able to achieve the target of $200 billion exports in this financial year,' Sharma said at a consultative committee meeting of the commerce ministry here.
He pointed out that India's exports had increased 27.6 percent to $103 billion in the first six months of current fiscal as against $81 billion during the same period last year.
He said the government had adopted a multi-pronged strategy - providing a stable policy regime, adopting a conscious market diversification plan, providing additional support to sectors hit badly by the global recession, encouraging technological up-gradation of export sectors, and undertaking simplification of procedures to reduce transaction costs - to boost exports.
Emphasising the need to diversify exports, Sharma said: 'It is important to have a diversified market and ensure a better risk management for our exports to buffer against any challenges which may come with the changes in global economy.'
Source : sify.com
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