India sets aspirational target for engineering exports at USD 200 bn by __________.
Options
A. 2020
B. 2022
C. 2023
D. 2025
Correct Answer
2025
Explanation
India can achieve a three-fold "aspirational" increase in its engineering exports to reach $200 billion by 2025, if concerted efforts are made by the government and industry to develop a conducive ecosystem, and ensuring inputs at competitive prices, according to an EEPC India-Deloitte strategy paper. India's engineering exports, which contribute 25 per cent to the overall merchandise shipments, are projected to touch about $80-82 billion in the current financial year ending March 31.
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