India will achieve 50,000 crore dollar in exports

In the next financial year 2013-14,India's exports will increase upto 50,000 cr dollars,Commerce and industry minister Anand sharma said in the meeting.


Anand sharma said at a seminar organised by the Indian chamber of commerce and industry,he believes that we will achieve the $500 billion target (2013-14).

We are clear that we could not wait for demand in traditional markets of the Europe after they affected in global financial crisis and we are moving on positive approach.

India's total exports, 62 percent ($188 billion) to Africa,Latin america and other asia nations.

At present,we have identified that 112 markets across the world. We are planning to expand and coverage of the market.

This fiscal year in the first half of 2011-12, 2,445 crore dollar with 3.23 percent growth, which is less compared to the last year same period with the value of 2,369 crore dollar.

What is Export

Materials available in a country sold to other countries which are in need of the material and by which earning foreign money to the respective country is called Export.
In otherwords, an export is any good or commodity for use in trade transported from one country to another country in a legitimate way, for sale or exchange is called export.
Any exporter can decide to export directly or indirectly to a foreign country.
Sales representatives, distributors, or retailers who are located outside the exporter's native country involved in selling goods means direct exports,by which goods and services that are sold to an independent party outside of the exporters country.
Selling goods to an independent domestic mediator in their own home county and they export the goods to buyers in the foreign market is indirect export.
To make the decision for export, the exporter has to consider certain factors, such as what will the profit by exporting and the aim of the company, what will be the demands of the buyer and its resources such as production capacity, the strength of the management and monetary capacity etc., These are the basic factors which decide one to make export.

source: www.eximguide.com