Commerce ministry looking at fixing this fiscal year`s export target in range instead of single figure
Amid increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year's export target in a range instead of a single figure and for this, a detailed study on 200 countries and 31 commodity groups is in the process.
Various parameters will be considered while fixing the target range such as the $1 trillion merchandise exports target by 2030; import to GDP ratio of importing countries; export to GDP ratio of India that will tell the potential and past trends.
For a monitoring purpose of exports every month, a fixed number would be required and that could be a mid-value or an average may be accepted. The ministry has though fixed an internal target which has been to export promotion councils and Indian missions abroad.
