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Commerce ministry looking at fixing this fiscal year's export target in range instead of single figure

19 Jul 2023 Evaluate

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.


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