Feb. 24 – India’s exports in the current fiscal year to March 2011 have reached US$225 billion, Trade Minister Anand Sharma said yesterday. India’s exports in January provisionally rose an annual 32.5 percent to US$20.6 billion, the trade secretary said this month, adding he saw exports for the year to March at more than US$220 billion, some 10 percent more than the government’s US$200 billion target.
The results come in as exports from China begin to slow, driven by a number of factors including higher operating costs. Foreign investment into India, especially in labor intensive industries and in domestic retail, have been booming as the country gears towards its own era of success – built on low wages and a huge domestic market.
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