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Export target achieved: Govt

Posted on Dec 05, 05:55PM | IBNS

The export target for the year 2011-12 has been achieved, said the Indian government on Wednesday.

"In 2011-12 the rate of annual growth of exports was approximately 15pc . The data for April-September 2012 shows slowdown in export," said Minister of State for Commerce and Industry D. Purandeswari in written reply to a question in Rajya Sabha on Wednesday.

The growth of export to West Asia - GCC, other West Asian Countries, ASEAN, other South Asian countries in the year 2011-12 was 6.79pc , 22.89pc , 43.38pc and 14pc respectively, said the minister.

In recent years Indian export has shown an increase of non-traditional items including leather, electronics, chemicals and services, Purandeswari said.