On Wednesday, Trade Minister Anand Sharma has said that during this ongoing financial year, India's exports are expected to touch USD 225 billion.

In the month of January, there was a short term rise of 32.5% to USD 20.6 billion in the India’s exports figures. This statistics was provided by the trade secretary in this month.

He has added that he saw exports for the year to March at over USD 220 billion. It was little higher than the target of the government of USD 200 billion.

Recently the government has revealed a draft multi-pronged plan which is expected to double the country's exports to $450 billion in coming three years. This is done in the view of keeping the mounting current account deficit within manageable limits.

At present the policy maker are troubled with the increasing deficit in the current account, especially in the measure of cross-border transactions in goods and services and transfers. Moreover it is expected to cross about 3% of India's gross domestic product in the year 2010-11.

Commerce minister Mr. Anand Sharma has stated that the cause for starting this scheme to widen the stability of trade.