2:03 am - Thursday November 5, 2015

indias $ 325 billion of exports Targe Will be not completed this year:FIEO

227 Viewed Alka Anand Singh Comments Off on indias $ 325 billion of exports Targe Will be not completed this year:FIEO

New delhi – India ‘s export target of $ 325 billion in the current financial year will not be achieved . Federation of Indian Export Orgnaijeshns ( FIEO ) said the country’s exports will remain at approximately $ 10 billion from the target . We will not be able to meet the target of exports of $ 325 billion . ” In the financial year ending in March exports of $ 312-315 billion will be . April-January exports between 5.71 per cents to $ 257 ”billion , while 7.81 per cent declines in imports was $ 377 billion . The remainder of the financial year to meet the target of export in the country will need about $ 70 billion . Finance Minister P Chidambaram said while presenting the interim budget that the country’s exports in the current financial year are expected to reach 6.3 per cents to $ 326 billion . The country’s exports fell 1.8 per cents in 2012-13 was 300.4 billion . Ahmed said that liquidity is a major problem of Exporters . Service Tax , Duty Drawback , Ribet and Vatke impacting on exports of outstanding claims is denied . He said , “The government should not set a target for export annually . According to its target of us must work for 5 years . ” According to Ahmad , ” FIEO in the next two months , a letter will be presenting its recommendations to the new government . This will include measures to increase exports . “

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