Exports drop in Apr-June quarter, says Sharma
The export shipments in April-May of 2012-13 stood at $50.13 billion. The government is looking at exports of $360 billion in the current fiscal against $303 billion in 2011-12.
He added that senior ministry officials including the commerce secretary and the Director General of Foreign Trade (DGFT) would visit different centres in the country from where exports take place.
“Senior officials will be visiting the locations from where the exports are taking place to see that how we can ensure that smooth transactions are there, and hurdles if any, are removed, because, sometimes delays and transaction cost lag make our exports less competitive,” he added.
Expressing concern over deceleration of annual industrial growth in May, he said: “We will urge the RBI to revisit this issue (interest rates) to ensure that capital is available to the industry. Given the slowdown there is every justification to ensure that Indian industry remains competitive and the manufacturing grows.”
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