Government may reduce export target, says apex exporters’ body

Government may reduce export target, says apex exporters’ body

The government may have to revise downwards its export target of $900 billion by 2020 keeping the global situation into account, apex body of exporters Federation of Indian Export Organisations (FIEO) has said.

The target could be lowered to $700-750 billion for merchandise and services exports put together.

“Government may revisit the export target and reduce it, taking into account the global situation,” said Ajay Sahai, director general of the Federation of Indian Export Organisations on Thursday. Read more

Credits:economictimes.indiatimes.com

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