India might have to reduce $900-bn export target by 2020, says FIEO

India may have to reduce its target of exporting $900 billion worth of goods by 2020, as the current growth rate doesn’t support the target, the Federation of Indian Export Organizations (FIEO) said.

The target is part of the current Foreign Trade Policy (2015-2020), which is currently undergoing its mid-term review. Senior government officials had earlier said the figures could see a downward revision.

Addressing the press on Thursday, FIEO Director General Ajay Sahai said exports would need to grow at a compound rate of 27 per cent annually till 2020 for the existing target to be reached.

“With global