TARGETS FOR EXPORTS IN TENTH PLAN
Date : 27 Jul 2003
Location : New Delhi
As per the Tenth Five Year Plan document, exports are projected to increase by 12.4% per annum during Tenth Plan from US $ 44915 million in 2001-02 to US $ 80419 million by 2006.07 which is in line with the 12% annual growth rate envisaged in the Medium Term Export Strategy 2002-07 announced by the Commerce Minister, Shri Arun Jaitley. The Ninth Plan had envisaged a growth of 11.8% per annum in exports. As against this target, the actual growth during the Ninth Plan was 5.6%.
The target set for the tenth plan is realistic. Based on the strategies contained in the Medium Term Export Strategy 2002-07, announced in January 2002, a number of programmes/schemes have been launched through the Union Budget, 2003-04 and Exim Policy 2003-04. In the Exim Policy 2003-04, besides the focus on service exports, policies have been devised to strengthen Special Economic Zones (SEZs), 100% Export Oriented Units (EOUs) etc. A new programme called "Focus: CIS" has been introduced. Duty Neutralisation Promotion being a constant endeavour of the government, export performance is continuously monitored on a regular basis to reach the target.
The value of exports of India’s merchandise goods were US $ 52234.40 million during the first year of the 10th Plan i.e., (April-March 2002-03) implying a growth rate of 19.2% in dollar terms.