EXPORT PERFORMANCE IN COMPARISON TO NEIGHBOURING COUNTRIES
Date : 10 Aug 2001
Location : New Delhi
As per the WTO trade statistics, the value of exports of Singapore, Thailand, Indonesia and India during 1999 are given as below:
(US $ billion)
India 36.6 (44.1 in 2000-01 as per DGCI&S data)
Export performance, inter-alia, is influenced by international market conditions, export competitiveness of the domestic industry and that of the competitors in other countries etc. However, during 2000-01 the total merchandise exports from India has risen by 19.83% over the previous year thereby exceeding the target of 18% set for the year.
A number of steps have been taken to further enhance the export growth which include reduction in transaction cost through decentralisation, setting up SEZs, simplification of procedures, extending the EPCG schemes to all sectors and all capital goods without any threshold limit on payment of 5% duty and various other measures as enumerated in the Exim Policy which includes setting up of Agricultural Export Zones, Market Access Initiatives to assist the industry in R&D efforts, market research etc. Steps have also been taken to promote exports through multilateral and bilateral initiatives, identification of thrust sectors and focus regions.
This information was given by Shri Digvijay Singh, Minister of State for Commerce & industry, in a written reply in the Lok Sabha today.