India will have 85-90 mn jobs across sectors: HR experts

[keeninterest]

interesting times. even though the labour intensive export industry is reeling under the pressure of global melt down, still over all the merchandise exports this year are expected to grow by a decent 15% to $186billion.

amazing things keep happening!

something i would want people to reflect back, when the present UPA took over in 2004.

New Delhi , Dec. 11

BUOYED by the good performance of exports in the past couple of years, the Government on Saturday announced the merchandise export targets for the next four financial years starting from 2005-06. It had pegged the export target for the current financial year (2004-05) at $75 billion.

The move to specify the export targets for the remaining years of the foreign trade policy (FTP) period (2004-09) is seen as a radical departure from the current practice of setting targets on an annual basis, at the beginning of every financial year.

"The export target for 2005-06 would be $88 billion. For the year 2006-07, the target would be $104 billion; after that, it would be $125 billion and finally, for 2008-09, the target would be $150 billion," said Mr Kamal Nath, Commerce and Industry Minister, at the Review Meeting on Export Performance here on Saturday.

that target ($150billion) was achieved in the first 11 months of financial year 2007-08, and the revised target for this year was $200billion. now if we reflect back to the first 6 months of this fiscal (arpil-sep08), the achieved figure was $97billion and had we not been effected by the slump in global demand then we were well and truly on target to achieve the targeted figure of $200billion for the merchandise exports, mind you, this figure does not include the export figures for the software which last fiscal were $35billion, so for the first time in the history of india, we would have crossed the figure of $200billion, certainly not bad if we were to consider that some time in 2003-04 the export figure for india was around $55billion.