Commerce minister Anand Sharma on Wednesday released a strategy paper to double India's exports by fiscal year 2014 (FY14). Sources tell CNBC-TV18's Rituparna Bhuyan that the strategy paper will form the basis for revamp of the foreign trade policy. The paper also sets export targets for various sectors.
Exports in this fiscal year are seen at USD 225 billion, which is targeted to rise to USD 450 billion by FY14. The trade deficit is seen at USD 110-USD 115 billion.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
