india aims at 1.5% share of world trade by 2009

Wednesday, March 02, 2005

India’s exports are targeted at US $ 150 billion in 2008-09 so as to reach 1.5% share in the global trade during the next five years.

Exports were valued at US $ 63.94 billion during 2003-04.

An export target of US $ 88 billion has been fixed for 2005-06. Exports were valued at US $ 60.75 billion during April-January 2004-05 against a target of US $ 75 billion for the full financial year. Hence, the percentage of target achieved during the first ten months of the current financial year was 81%.

This was stated by Shri E.V.K.S. Elangovan, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.

SB/MRS