A Central government official said on Tuesday that India is on course to meet its $400 billion merchandise export target this fiscal year, noting that the country has already clocked in $164 billion in exports in five months.
India has reached record levels of export of almost $164 billion in the five-month period of April-August. The government has embarked on an ambitious, but achievable target of $400 billion exports of merchandise goods in the current financial year. “The buoyancy in exports and the resilience shown by our major export products and our export markets give us hope that we are on track,” Shyamal Misra, joint secretary, Department of Com-merce, said.
India has reached record levels of export of almost $164 billion in the five-month period of April-August. 60 per cent of India’s current exports are from engineering goods, gems and jewellery, pharmaceuticals, petroleum and chemicals. Union minister Jardosh told media persons that the government does not impose any law on the citizens, but engages in a two-way talk to solve issues.
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