ASSOCHAM revises FY16 export target downwards

Q.  FY16 export targets for ASSOCHAM has lowered outlook for India’s export to USD ____ billion for 2015-2016.
- Published on 29 Dec 15

a. 250-260
b. 255-260
c. 245-250
d. 250-255

ANSWER: 255-260
 
ASSOCHAM has revised FY16 export target downwards to USD 255-260 billion for 2015-2016 which was pegged at USD 310 billion in the previous fiscal, in disagreement with the claim that there is no crisis on outwards shipments front. There have been 12 straight months of decline in exports. ASSOCHAM has said the sector is in real crisis going beyond petrol products to gems, jewellery, job oriented leather and leather products.

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