Foreign Trade Policy has bigger objectives
Dr. K S Rao, Associate Professor, National Institute of Bank Management (NIBM), Pune The total exports increased from US $ 274.55 billion in FY10 to US $ 465.90 billion by FY14 in a span of 5 years. As against a Compounded Average Growth Rate (CAGR) of 15.9 per cent of exports recorded between FY05 to FY14, the target of CAGR 11.5 per cent looks modest but as the base broadens, it requires tremendous efforts to galvanize and sustain the rising growth rate. Hence, in order to reach the targeted mark, the entire eco system has to fall in line to support export led growth in key sectors such as manufacturing, MSME, Agriculture and their interdependent sectors. Among many proactive ...
