India needs to export rapidly to grow 8-10 percent: finance adviser | Reuters

NEW DELHI India needs to export rapidly to boost its economic growth to 8-10 percent, finance ministry economic adviser Arvind Subramanian said on Saturday.

India's merchandise exports in January shrank for the 14th straight month on continued weak demand from Europe, the south Asian nation's biggest market.

January exports INEXP=ECI fell 13.6 percent from a year earlier, while imports INIMP=ECI dipped 11.01 percent, data released by the Ministry of Commerce and Industry showed last month.

(Reporting by Rajesh Kumar Singh; Editing by Robert Birsel)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 12, 2016 11:33 AM

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