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Journalism of Courage
Export growth pegged at 16
In an effort to boost exports of merchandise goods to 150 billion by the year 2010, the government has set the target for growth in exports during 2004-05 at 16 per cent as against 12 per cent in the last two years. According to an official release, the 16 per cent growth over previous year8217;s exports would translate into exports of 73.4 billion. Exports had crossed 50 billion mark in 2001-02 and 60 billion mark in 2002-03.
Inflation rate marginally down
After a continuous upsurge for the last five weeks, inflation dropped marginally by 0.2 pc to 5.87 pc during the week which ended on June 19. However, the inflation rate continues to be higher as compared to the rate in the previous year which was around 5.21 pc. The marginal fall anyway came as a some respite given the fact that the fall came inspite of the surge in the prices of LPG by 8.0 pc, petrol by 6.0 pc and diesel by 3.0 pc.
