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Missing of Export Targets giving exporters sleepless nights

Neha Dhamija


Country’s Exporters’ worries are on a rise owing to the possibility of not meeting the export target of $200 billion. The Federation of Indian Exporters Organizations (FIEO), on Monday expressed resentment over the lack of financial support provided to them. The participants opined that no ‘serious consideration’ was visible in the government’s last week’s announcement.


The federation has appealed the government to bring up the drawback rates for tax refunds and also consider an increase of two percent in interest subsidy. A Sakhtivel, FIEO President said that job losses might occur in huge numbers, if the demands are not considered positively; though he did not say anything about the magnitude of the losses.


Looking at the statistics, the exports registered a growth rate of 30.9% in the first fiscal, however after the negative trend infected the rise, the value fell to $11.5 billion from $12.7 billion.
 
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