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Thursday, June 04, 2009

export target of $200 billion for 2009-10




The Export Target of India for the financial year 2009-10 is $200 billion.
In 2008-09, India's export stood at $168 billions.
In 2007-08, it was $163 billion.

The global meltdown in the economy and especially in the Western countries (Europe and United States of America), is causing worry to the government as it is apprehended that the target may not be achieved. There is decline in the Indian export from month to month basis and in May, it has fallen by 30%. On the other hand, the import has also decreased due to fall the petroleum prices as India fulfils 70% requirement of her petroleum through import.



Link to be studied:

Exports at sea eight months on the trot- Foreign Trade-Economy-News-The Economic Times




Highly IMPORTANT for October 2009 Mains.




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