Review of Exports Targets

On the back drop of robust export growth and favourable global economic environment, Department of Commerce, in May 2011, had prepared a strategy for Doubling Merchandise Exports in three years from US$ 246 billion in 2010-11 to US$ 500 billion in 2013-14.

The Export Target for the year 2013-14, for Merchandise Trade, as finalised by DOC is US$325 billion.

The target was revised due to factors such as: weak industrial growth, higher cost of credit, rupee depreciation, Euro zone sovereign debt crisis, recession in developed economies and sluggish global economic growth which have adversely impacted India’s exports.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. D. Purandeswari in a written reply in the Rajya Sabha.