November 27, 2009 5:50 PM

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Exports likely to double by 2014: Anand Sharma

The negative growth in exports has come down from 39 per cent in May to 6.6 per cent in October and the Exports last month were to the tune of 13.10 billion dollars. Exuding confidence, the Commerce and Industry Minister Anand Sharma said that things have started looking up and the Exports are expected to grow at the rate of 15 per cent in the next fiscal and likely to double by the year 2014. He said that the export policy announced in August this year appears to be paying off. He said, there are positive responses from the 39 new markets that have been identified for Indian Exports. Mr. Sharma said that the FDI this year has already crossed 16 billion dollar mark and the investors are returning to India as it still remains an attractive destination for investment. Mr. Anand Sharma who is leaving on Friday for Geneva to attend the WTO ministerial meeting said that besides raising the concerns of least developed countries, India will also voice its concerns against protectionism and the non trade barriers that are being erected. He said that the ministerial meeting will review the progress of negotiations for the successful completion of Doha round.

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