India's exports in the current financial year could well cross the $200 mark and touch $220 billion on the back of booming demand for its products in the West, commerce secretary Rahul Khuller said today.
India's exports grew 32.5 per cent to $20.6 billion in January, helping the country earn $184.6 billion from exports in the April 2010 to January 2011 period.
The end-January export figure is just short of $15.6 billion from the earlier target of $200 billion.
The gains came mostly from buoyant exports of gems, jewellery, engineering goods and petroleum products, Khuller said.
At the current rate of growth India's exports could cross $200 billion in February and cross $220 billion by end-March 2011, he noted.
"On the whole, export performance is pretty good. My guess is by next month we will cross $200 billion and we should end this financial year at $220-$225 billion," Khuller said.