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India eyes China as an opportunity
New Delhi, July 18: Things have come a long way when there was an import threat from China, which has now become a great opportunity for Indian exporters.
Country's total exports of merchandise goods have grown up by 19.18 per cent in the fiscal 2002-03, as against the target of 12 per cent, touching a figure of 52.2 billion dollars, official figures showed.
Exports to Pakistan went up by 42.92 per cent to 205.81 million dollar during 2002-03.
Exports to the USA have also shown a substantial increase of over 27 per cent, crossing a 10 billion dollar mark. Exports to Japan went up by 23 per cent, South Korea 36 per cent, Singapore 46 per cent, Thailand 12 per cent, Indonesia 54.75 per cent and Australia by over 20 per cent.
''India's export growth rate is the second highest (next to China)among the 30 leading exporters and importers in world merchandise trade during 2002,'' a WTO report had said.
Bureau Report