No need for govt intervention to support Indian exports: Anand Sharma
India does not need to provide measures at this stage to support exports, which are likely to see a moderation in the near term following a rating downgrade of the United States by Standard & Poor's, Trade Minister Anand Sharma said on Tuesday.
The United States is India's biggest trade partner in goods and services combined.
Sharma also said he expects annual Indian exports to grow more than 25 percent in the current financial year to March 2012 -- a more optimistic forecast.
Trade Secretary Rahul Khullar on Monday said that India "would be lucky" to achieve 20 percent annual exports growth in 2011/12.
India's merchandise exports rose an annual 37.5 percent to $246 billion in the last fiscal year that ended in March.