India to focus on high value items to double exports by 2019
The Dollar Business Bureau | @TheDollarBiz India plans to focus on its strengths and on labour intensive sectors to push total exports to over $900 billion in the next five years, a target that is almost double the total exports of $464 billion recorded in FY2013-14. This translates into a CAGR of approximately 14%, and is expected to improve India’s share of global exports to above 3% by FY2019. India’s exports have fluctuated in the last 10 years, with merchandise exports growing an astounding 40% in FY2010-11, while declining only twice, in FY2009-10 (-3.5%) and FY2012-13 (-1.8%). However, overall, India’s merchandise exports have grown around 76% in the last five years, up from around $178.7 billion in FY2009-10. Source - ...
FIEO proposes $750 billion export target for FY2018-19 in Indias new FTP
The Dollar Business Bureau | @TheDollarBiz The Federation of Indian Export Organisations (FIEO) has proposed an export target of $750 billion by FY2018-19 co-terminus with the new five year Foreign Trade Policy (FTP) that the Indian government is expected to announce later this month, Ajay Sahai, Director General & CEO FIEO, told The Dollar Business. Ajay Sahai, Director General & CEO, FIEO He added that FIEO is of the view that a long term target should be fixed rather than annual targets and after fixing the target, the government should review it on an annual basis and put in place any mid-course corrections if required to stay on track. In the last FTP (2009-2014), the government had set an export ...
