India will achieve $125-bn export target, says survey
Financial Express, India
NEW DELHI, DEC 17: Reflecting all-round optimism, an overwhelming 85% of the respondents of a Ficci survey felt that the export target of $125 billion would be met in the current fiscal.
“The results of the survey indicate the country is moving towards a phase of stabilisation in export growth,†the chamber said in a statement here.
The high export growth rates in the last few months were likely to be maintained during the remaining part of the year with a low probability of surprises on the upside, the survey said.
According to the findings, exports are likely to witness growth in the markets of south-east Asia, the US, Saarc countries, middle east and the European Union.
The survey covered 270 companies representing sectors like automobiles, consumer durables, food processing, FMCG, textiles, handicraft, metals, heavy engineering, pharmaceuticals and chemicals.
A majority of the firms expected improvement in the conditions of exports. About 68% of the firms surveyed saw their export levels improving further.