Indian Commerce and Industry on February 23 issued a draft strategy to be within three years India's exports will double to $ 450 billion in order to bring down the huge trade deficit manageable.
Sharma Indian Commerce and Industry Minister , said in a conference on the draft ,bed throws, the growing trade imbalance is due to the introduction of the policy move , hoping the trade deficit fell to 9 percent of GDP to 10 %.
Commerce Secretary (Deputy Minister ) Kula Er said that the current account deficit (CAD) to GDP ratio of 3 to 3.5 % of control under the scope of this breakthrough in CAD or 3% of the
Draft in the fiscal year 2013-14 to $ 450 billion export target ,Blanket Throw, an annual growth rate of about 26% .
To this end , the government will expand trade in high value-added products , focus on new markets and establish product spleen image , adopt new technology to accelerate exports.
Bill Warning , due to significant growth in imports will ,fleece throws, even to maintain 22% growth in exports , the trade deficit will expand to 12 to 13 percent of GDP , reducing the deficit outlook is not optimistic.
The full text of the draft published in the Commerce and Industry Web site , the end of March collect community comments and suggestions.
Indian media is expected this fiscal year, export volume is expected to exceed $ 225 billion , higher than the previously set target of U.S. $ 200 billion .
2009-10 fiscal year , the financial crisis, India's exports had slipped 3.6% to $ 178.6 billion .
Sharma Indian Commerce and Industry Minister , said in a conference on the draft ,bed throws, the growing trade imbalance is due to the introduction of the policy move , hoping the trade deficit fell to 9 percent of GDP to 10 %.
Commerce Secretary (Deputy Minister ) Kula Er said that the current account deficit (CAD) to GDP ratio of 3 to 3.5 % of control under the scope of this breakthrough in CAD or 3% of the
Draft in the fiscal year 2013-14 to $ 450 billion export target ,Blanket Throw, an annual growth rate of about 26% .
To this end , the government will expand trade in high value-added products , focus on new markets and establish product spleen image , adopt new technology to accelerate exports.
Bill Warning , due to significant growth in imports will ,fleece throws, even to maintain 22% growth in exports , the trade deficit will expand to 12 to 13 percent of GDP , reducing the deficit outlook is not optimistic.
The full text of the draft published in the Commerce and Industry Web site , the end of March collect community comments and suggestions.
Indian media is expected this fiscal year, export volume is expected to exceed $ 225 billion , higher than the previously set target of U.S. $ 200 billion .
2009-10 fiscal year , the financial crisis, India's exports had slipped 3.6% to $ 178.6 billion .
