Key Points
The commerce ministry in India has urged exporters to concentrate on key sectors such as food, electronics and engineering, as well as on major markets including the US, UK and Germany, to boost exports..
The commerce ministry on Monday asked exporters to focus on potential key sectors such as food, electronics and engineering and 12 major markets to boost exports, an official said..
The six sectors which hold huge potential to increase the country's exports include food, textiles, engineering, electricals and electronics, medical devices, pharma and auto components...
The meeting assumed significance as the country's merchandise exports have been contracting for the last four months due to demand slowdown in the global markets...
Exports declined for the fourth consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion, according to the ministry data...
