India's cumulative exports crossed the $200-billion mark in February as outward shipments jumped 50% during the month, prompting the government to hike the exports target for this year to $230-$235 billion. "We have crossed the $200 billion mark. The current forecast for the (fiscal) year is $230-235 billion," said Rahul Khullar, commerce secretary on Thursday.
Ramu S Deora, president, Federation of Indian Export Organisations (FIEO) said that the growth in exports is primarily from Asia,where government has signed Free Trade Agreements (FTA) and Comprehensive Economic Cooperation Agreement (CECA) as well as from Latin America and Africa
The sectors which performed well during the 11 months of fiscal include engineering (81%), petroleum and oil lubricants (34%), cotton yarn and made-ups (43%), plastics (41%).