The Prime Mninister's economic advisory panel today projected about 10 per cent increase in India's exports to 329.7 billion U S Dollars during the current fiscal in view of some improvement in the global growth situation.

In the 2012-13 fiscal, the merchandise exports stood at 301 billion U S Dollars .

The Prime Minister Economic Advisory Council (PMEAC) report said the imports may touch USD 542.7 billion during the current fiscal, from 501.1 billion U S Dollars in 2012-13.

The trade deficit is expected to increase to 213 U S Dollars billion in 2013-14, from 200 billion U S Dollars in the previous fiscal, the report said.