Government reviews target of doubling exports by '14

NEW DELHI: The government is reviewing the target of $500 billion in exports by March 2014 in view of the global and domestic economic slowdown.

The commerce department has held a review meeting and decided to float a discussion paper as part of the mid-term review. It will identify various factors contributing to lower exports and also suggest steps which need to be taken to boost shipments from India.

"The doubling of exports by 2013-14 projected two years back was based on the economic conditions prevalent at that time and was optimistic in its approach," a commerce ministry official said.