India aims at exports worth $500 Billion by 2013-14
Tuesday, 03 May 2011, 23:46 IST
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India aims at exports worth $500 Billion by 2013-14
New Delhi: The Government today set a target of more than doubling India's exports to $500 billion in the next three years, buoyed by an 37.5 percent surge in overseas shipments in the last fiscal. "We must aim for more than a doubling of exports in three years to $500 billion. This is achievable, with a determined effort. More importantly, we cannot afford any less than this," according to a strategy paper released by Commerce and Industry Minister Anand Sharma here. For achieving the $500 billion mark, the country's exports should grow annually by 26.7 percent. Sharma said the strategy hinges on aggressive marketing of 'Brand India' and reducing transaction cost to make exports more competitive. The export drive would be led by sectors like engineering, gems and jewellery, chemicals and textiles.
Source: PTI
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