Press Information Bureau

Government of India

Ministry of Commerce & Industry

05-December-2012 16:09 IST

The export target for the year 2011-12 has been achieved. In 2011-12 the rate of annual growth of exports was approximately 15%. The data for April-September 2012 shows slowdown in export.

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

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

This information was given by the Minister of State for Commerce & Industry Dr. D. Purandeswari in written reply to a question in Rajya Sabha today.

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DS

Export growth reached the annual target, though recent months show a slowdown and regional diversification into non-traditional sectors. The government reported that the annual export target was achieved with overall export growth of about fifteen percent, though April-September data show a slowdown. Regional export growth varied across West Asia (including GCC and other West Asian states), ASEAN and other South Asian countries. Exports have diversified, with increases in non-traditional sectors including leather, electronics, chemicals and services, as stated by the Minister of State for Commerce & Industry in a written parliamentary reply.