- Boosting Traffic & Sales: Why Invest in an Indian SEO Expert for Your Business
- Beat the summer heat with saffron tips for healthy and glowing skin
- Amazon India offers opportunities for women to work in Night Shifts in Haryana
- What can India learn from Sweden’s pragmatic tobacco control policy?
- Leap Day 2024: Interesting facts, history, and significance of February 29
- Samsung Announces New Memory Variant of Galaxy A15 5G at INR 17999
- Immunity-boosting foods for a healthy life
- Celebrating Leap Day 2024: Wishes and Messages for Leaplings
- Vanchit Bahujan Aghadi eyes 27 Maha LS seats, wants to put up Jarange-Patil
- 'Purely governmental function': Delhi HC refuses to order new 24-hour pan-India Doordarshan channel for Sindhi community
Exports may slip below $300 bn in FY16
The country is likely to miss its export target and may end up below the $300 billion mark in 2015-16 due to the global slowdown, a senior official said on Tuesday.
Mumbai : The country is likely to miss its export target and may end up below the $300 billion mark in 2015-16 due to the global slowdown, a senior official said on Tuesday.
"We registered exports of $312 billion last year and set a target of $325 billion this fiscal. We will be very happy if we achieve exports of $300 billion, but we may fall short of $300 billion," Ministry of Commerce and Industry Joint Secretary Ravi Kapoor said.
The country's exports declined for the eleventh month running in October, highlighting the stiff competition faced by the country in a weak global economy. Exports in the first seven months of the year were about $154.2 billion, indicating that tepid global demand continues to be a drag on economic recovery. Kapoor said the fall in exports was due to sharp fall in prices of petroleum products.