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DGFT puts export growth at 14%
New Delhi, July 20: India`s export growth during the first quarter of 2003-04 is estimated to be around 14%, the Director General of Foreign Trade, L Mansingh, has said.
New Delhi, July 20: India’s export growth during the first quarter of 2003-04 is estimated to be around 14%, the Director General of Foreign Trade, L Mansingh, has said.
The double-digit growth is over and above the 19% growth achieved during 2002-03. Expressing optimism about the outlook for export growth, Mansingh said India would manage to reach 1% share in global exports even before the target period of 2007.
Preliminary estimates indicate that various key sectors including textiles, chemicals, engineering, gems & jewellery have witnessed healthy growth during April-June 2003.
While some sectors have seen growth in excess of 20%, most sectors — with the lone exception of plantations — are performing satisfactorily, Mansingh said.
“Exports are showing healthy sign. We are expecting 13-14% growth in April-June 2003 as against corresponding period in previous year,” Mansingh told reporters on the sidelines of a seminar organised by the Federation of Indian Exporters Organisation (FIEO) here. While provisional figures are yet to be compiled, the current estimate was based on daily monitoring by the DGFT.
Bureau Report
Preliminary estimates indicate that various key sectors including textiles, chemicals, engineering, gems & jewellery have witnessed healthy growth during April-June 2003.
While some sectors have seen growth in excess of 20%, most sectors — with the lone exception of plantations — are performing satisfactorily, Mansingh said.
“Exports are showing healthy sign. We are expecting 13-14% growth in April-June 2003 as against corresponding period in previous year,” Mansingh told reporters on the sidelines of a seminar organised by the Federation of Indian Exporters Organisation (FIEO) here. While provisional figures are yet to be compiled, the current estimate was based on daily monitoring by the DGFT.
Bureau Report