NEW DELHI, Jan 23 (KUNA) — India’s exports will reach USD 150 billion in the 2007-08 financial year, a senior government official said Wednesday.
“Exports worth USD 150 billion are certain this year. It could even go up to USD 155 billion,” Secretary in the Indian Commerce Ministry GK Pillai told reporters.
In the 2008-09 fiscal year, an export target of USD 200 billion will be achievable, Pillai said.
“India’s trade policy is complicated. The focus should shift from getting a number of approvals from various government agencies to self-certification. The majority should not suffer for few unscrupulous exporters,” he noted.
“The government is planning to have only meaningful incentives to promote the competitiveness of Indian exporters,” Pillai said.