To rein in the growing trade deficit, Finance Minister P Chidambaram has called for increased exports by exporters . He said that in the current environment of industry and business to take advantage of the attractive exchange rate of the rupee will their income than ever before . To control the trade deficit cut in imports can not be excessive because it is the lifeline of many domestic industries . The export is always a better option to accelerate .Federation of Indian Export Organizations Exporters Organisation ( FIEO ) held a meeting on Saturday from Chidambaram said the current financial year from April to October period, 90.7 billion trade deficit . In the last financial year 2012-13, the total trade deficit was $ 190 billion . This year, over a period of seven months is just $ 90 billion mark . There are still five months . The slight difference in the deficit grows, we will be able to control it at around $ 150 billion . Even if it was $ 155 billion , also we will be in good condition .
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Chidambaram said the government to promote export industry is open to any suggestions . Policies on this basis would also repaired but our goal must be to export more . It is the best time for it . Is quite attractive and competitive exchange rate . This would be a major boost earnings . Is priced at Rs 62.87 to a dollar on Friday . Exports grew at a rate of 13.5 per cent in October . This is the sharpest increase in the past two years .
But the relaxation of import , he once again refused . He said that if the export is done for the government , it 's no problem .
