In 2013, India'S Exports Amounted To US $500 Billion.

The India Federation of industry (CII) proposes a twin strategy for manufacturing (textiles, leather, jewelry and Engineering). The Federation recommends that the manufacturing industry should focus on two major markets, Latin American and Caribbean countries and the African market, thereby helping India to benefit from export growth.

India's minister of industry and commerce, KamalNath, also put forward the view that he proposed the export as an engine for economic growth.

CII in the "India export series - industry analysis" guidance document, in these four areas, India must be among the world's three largest export power, and the four industries are exported to India. The total export volume is 50%.

In order to achieve this goal, it is necessary to formulate a comprehensive incentive policy, including technology popularization, infrastructure improvement, especially pportation routes and ports, new market access, product development innovation and expansion of production scale.

As these industries are dominated by small and medium-sized enterprises, CII calls for long-term guidance policies to help SMEs improve their efficiency.

In recent years, India's exports have diversified, and CII calls for a "strategic push" in Africa and Latin America and the Caribbean market.

At present, the share of India's import market in Africa is only 3.5%, and the import market share in Latin America and the Caribbean countries is only 0.7%.

CII believes that India's share in these markets can easily double as long as efforts are made in the next 2-3 years.

CII expects that India's exports will reach US $500 billion by 2013 if the past growth momentum can continue.

In the 2007-08 fiscal year, India's exports are expected to be between us $155 billion and US $160 billion, compared with us $126 billion in 2006-07.

The foreign trade policy (2004-09) predicts that India's exports will reach US $200 billion in 2008-09.