Continuing their surge, India's exports touched $70 billion for the first time in the country's trade history.
Inching closer to the $75 billion export target for the fiscal, the exports touched the $70 billion psychological mark in the first eleven months of 2004-05.
Exports in 2003-04 were estimated at $63.4 billion. In February 2005, exports are valued at $6.7 billion, according to an official release.
Commenting on the exports reaching $70 billion, Commerce Minister Kamal Nath said, "More than exchange rate variations, the significant increase in exports during the current financial year has been on account of the growing competitiveness of the Indian manufacturing sector and the vigourous export-led growth strategy followed by the government for doubling India's share in global merchandise trade in next five years".
© 2026