NEW DELHI — India on Wednesday set an ambitious target of almost doubling its annual exports to $900 billion in the next five years as it seeks to boost the economy and provide jobs for a growing population.
Commerce Minister Nirmala Sitharaman said the government would encourage domestic manufacturing to increase exports from $469.5 billion in the 2013-14 financial year.
She said the government wanted to increase India’s share of global exports from the current 2 per cent to 3.5 per cent.