India likely to miss 2014-15 export target: DGFT

India is likely to miss its export target for 2014-15 by almost 8 percent at getting around $314 billion, an official said on Friday.

On meeting the last fiscal target of $340 billion, Director General of Foreign Trade (DGFT) Pravir Kumar told reporters here that the commerce ministry expects exports for 2014-15 to be "almost at par with the last year".

"Last year, we were at $314 billion, so around that only," he said.

According to him, it appears "difficult" to achieve the $340 billion merchandise exports target.

Kumar was speaking on the sidelines of a function organised by the Federation of Indian Export Organisations (FIEO) here.

During 2013-14, total exports stood at $465.90 billion, with merchandise and services accounting for $314.40 billion and $151.5 billion, respectively.