New Delhi: India's exports rose by 34 per cent in October, but may fall short of the $160 billion target set for the current fiscal, Commerce Secretary G K Pillai said on Monday.

"If this (October) trend continues, we may achieve exports of $140-145 billion against the target of $160 billion," he said on the sidelines of the India Economic Summit in New Delhi.

India had revised its export target to $160 billion in April after a surge in its currency vis-a-vis the US dollar. The rupee has risen nearly 14 per cent in the last one year and is now trading at around 39.80 to a dollar, hurting exports – particularly of textiles and leather.

Rise in exports of petroleum products, gems and jewellery and engineering goods helped boost exports, but textile, leather and marine products, tea and handicrafts are down, Pillai said.
Source : PTI