India foreign trade would cross 350 billion $ in 2005-06
In his welcome address at the India International Trade Fair – IITF 2005 – which was inaugurated by the Prime Minister Dr. Manmohan Singh at Pragati Maidan here this morning, Shri Kamal Nath, Minister of Commerce and Industry, indicated that he was encouraging exporters to take India’s merchandise exports to a level of US $ 100 billion during the current financial year 2005-2006, even though the target set for the year was US $ 93 billion. Over and above this, India’s services exports this year could touch US $ 50 billion. “ If to this 150 billion dollars of exports, we add our 180 billion dollars of imports - (140 billion dollars worth of goods and 40 billion dollar worth of services) – India’s commercial engagement with the world this year will be in the region of 330 billion US dollars, we would certainly cross 350 billion mark in this financial year”, he added.
Please see: http://pib.nic.in/release/release.asp?relid=13269