<h1>India's Exports Soar: From $63.8B in 2003-04 to $162.9B in 2007-08, Boosted by SEZs and Government Incentives.</h1> India's merchandise exports grew from $63.8 billion in 2003-04 to $162.9 billion in 2007-08, with an average annual growth rate of 26.4%. To counter export deceleration, the government reduced excise duties and provided financial incentives to labor-intensive sectors. Special Economic Zones (SEZs) have significantly contributed to employment and exports, with a projected export of Rs.1,25,950 crore for 2008-09. The gems and jewelry sector saw a 23.13% growth in 2007-08. Marine products and plantation sectors like coffee, rubber, and spices also showed robust export performance. India remains committed to advancing WTO negotiations, emphasizing the importance of services sector commitments.