India may miss export target
In what has put a question mark over India’s ability to meet its $200 billion exports target for the current financial year, exports for October have actually dipped compared with October 2007, the first monthly decline in over five years.
A senior commerce department official said total exports in October have dropped 15 per cent compared with a growth of over 35 per cent and total exports of $13.3 billion last October. If petroleum product exports are excluded, the decline is sharper at 20 per cent, said director general of foreign trade RS Gujral.
What is worrying is that the decline is across all sectors. Gujral said, barring a few small sectors and petroleum products, exports of all other sectors took a hit. Official data for October exports is expected to be released early next month and a clear picture of disaggregated data for the month will take more time.
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http://epaper.indianexpress.com/IE/IEH/2008/11/11/index.shtml
A senior commerce department official said total exports in October have dropped 15 per cent compared with a growth of over 35 per cent and total exports of $13.3 billion last October. If petroleum product exports are excluded, the decline is sharper at 20 per cent, said director general of foreign trade RS Gujral.
What is worrying is that the decline is across all sectors. Gujral said, barring a few small sectors and petroleum products, exports of all other sectors took a hit. Official data for October exports is expected to be released early next month and a clear picture of disaggregated data for the month will take more time.
To read the full article, click here..
To read the ePaper, visit:
http://epaper.indianexpress.com/IE/IEH/2008/11/11/index.shtml
Labels: foreign trade RS Gujral, hurting Indian exports, India may miss export target, petroleum products, small sectors, western European countries
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