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India’s exports may see good days again

India's exports may throw up a conservative figure of $250-260 billion for last financial year due to global demand slowdown

Policy Pulse
Publish Date: Apr 13 2016 11:37AM | Updated Date: Apr 14 2016 11:18AM

India’s exports may see good days again

India's exports may throw up a conservative figure of $250-260 billion for last financial year due to global demand slowdown, a government official said.

 
Merchandise exports had totalled $310.5 billion in 2014-15.
 
Scenario may improve this year due to gradual "hardening" of commodity and oil prices, the official said.
He added that "the measures announced by the government would show a positive impact on exports from this year".
 
Last year, government announced enhanced duty drawbacks under the Merchandise Exports from India Scheme and 3 per cent interest subsidy scheme.
 
In 2008-09, country's out-bound shipments were below $270 billion — around $210 billion, to be precise — said exporters body Federation of Indian Export Organizations (FIEO).
 
Exports tumbled 5.66 per cent in February to $20.73 billion.
 
For April-February 2016, cumulative exports fall 16.73 per cent to $238.41 billion as against $286.3 billion in April-February of 2014-15.