Govt sets $ 325 bn exports target for 2013-14

New Delhi: The government has set an export target of $325 billion for the current financial year on the back of slowdown in the global markets, Parliament was informed today.

“Government has set an export target of $325 billion for the year 2013-14,” Minister of State for Commerce and Industry D Purandeswari said in a written reply to Rajya Sabha.[caption id=“attachment_763569” align=“alignleft” width=“380”] Increasing exports. Reuters[/caption]

Due to the global slowdown in the developed regions like the US and Europe, the country’s exports fell for the first time in three years with a dip of 1.8 percent to $300.6 billion in 2012-13, taking the country’s trade deficit to a record high level of $191 billion.

The government had set $360 billion export target for 2012-13.

“As per provisional figures, export registered an increase of 0.8 percent for the month of January after a continuous fall during May, June, July, August, September, October, November and December 2012,” she added.

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