government may have to revise downwards its export target of 900 billion US
dollars by 2020 keeping the global
economic downturn into account, apex
body of exporters Federation of Indian Export Organisations (FIEO) has said.
The target could be lowered to 700-750 billion US Dollars for merchandise and
services exports put together.
may revisit the export target and reduce it, taking into account the global
situation," said Ajay Sahai, director general of the Federation of Indian
Export Organisations said on May 25.
This will happen if exports grow at a compounded annual rate of 15 per cent, he
In 2017-18, however, the organisation estimates Indian merchandise exports to
clock 325 billion US dollars and pegs services exports at 180 billion US
In 2016-17, goods exports were 275 billion US
Dollars and services exports were 160.68 billion.US Dollars.