India to miss $200 billion trade target this fiscal

India would not achieve the $200 billion trade target fixed for the current fiscal but the government and the Reserve bank of India were closely monitoring both domestic and international economic developments, the Lok Sabha was informed on Tuesday. “The slowdown has impacted exports... We expect to achieve $170-175 billion exports,” Minister of State for Industry Ashwani Kumar said. He pointed out that the government had set a trade target of $200 billion for 2008-09 while announcing the annual supplement to the Foreign Trade Policy on April 11 last year.