India may fall short of 2014-15 exports target by almost 8%
According to Directorate General of Foreign Trade Pravir Kumar, it appears "difficult" to achieve the $ 340 bn merchandise exports target.
By PTI | Updated:
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.
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
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According to DGFT Pravir Kumar, it appears "difficult" to achieve the $ 340 billion merchandise exports target.
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Text: ET Bureau
With an aim to make India a significant partner in global trade by 2020, the government on Wednesday unveiled a new Foreign Trade Policy (FTP).
Talking about the new policy, which aims at boosting India's exports, Commerce Minister Nirmala Sitharaman said that PM Narendra Modi's pet projects, 'Make in India' and 'Digital India' will be integrated with the new Foreign Trade Policy.
The government is pitching India as a friendly destination for manufacturing and exporting goods, and the new policy is being seen as an important step towards realising that goal.
We take a look at some key features of the new Foreign Trade Policy:
Image: Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman with Revenue Secretary Shaktikanta Das and Commerce Secretary, Rajeev Kher releasing the “Foreign Trade Policy 2015-2020” in New Delhi on April 1, 2015.
With an aim to make India a significant partner in global trade by 2020, the government on Wednesday unveiled a new Foreign Trade Policy (FTP).
Talking about the new policy, which aims at boosting India's exports, Commerce Minister Nirmala Sitharaman said that PM Narendra Modi's pet projects, 'Make in India' and 'Digital India' will be integrated with the new Foreign Trade Policy.
The government is pitching India as a friendly destination for manufacturing and exporting goods, and the new policy is being seen as an important step towards realising that goal.
We take a look at some key features of the new Foreign Trade Policy:
Image: Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman with Revenue Secretary Shaktikanta Das and Commerce Secretary, Rajeev Kher releasing the “Foreign Trade Policy 2015-2020” in New Delhi on April 1, 2015.
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