The exports which fell 30 per cent in May extends the fall to eighth month in a row and in order to deal with this, the government yesterday reviewed the situation with top exporters promising them incentives. "We will be giving incentives so that Indian exports will become competitive," said Anand Sharma, the Commerce and Industry Minister after meeting the heads of different export organizations in New Delhi.
As per the quick estimates, given by Commerce Secretary G K Pillai, India''s exports plunged by 30 per cent in May. The final figures will be released on July 1. The exports in April 2009-10 fell the most in 14 years by 33.2 per cent to $10.74 billion from $16.08 billion a year ago.
Sharma said he would be meeting Finance Minister Pranab Mukherjee very soon and make sector-specific recommendations as well as policy measures.
As per the quick estimates, given by Commerce Secretary G K Pillai, India''s exports plunged by 30 per cent in May. The final figures will be released on July 1. The exports in April 2009-10 fell the most in 14 years by 33.2 per cent to $10.74 billion from $16.08 billion a year ago.
Sharma said he would be meeting Finance Minister Pranab Mukherjee very soon and make sector-specific recommendations as well as policy measures.
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