NEW DELHI: Commerce Ministry of India said that with an aim to nearly double the country’s goods and services exports to $900 billion by 2019-2020.
Commerce of Ministry has incorporated various incentive schemes such as Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) to boost outward shipments.
India’s exports may again miss the target in 2014-15 and be in the range of $308-310 billion as against the target of $340 billion, a senior Commerce Ministry official has said.
In 2013-14, the country’s total merchandise shipments stood at $312.35 billion as against the target of $325 billion.
During April-February 2014-15, it grew by a merger 0.88% at $286.58 billion as against $284.07 billion over the same period previous year.
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