India's steel export revenue to decline

India’s steel export revenue to decline

India's steel exports decreased 11.4 percent in November 2005; however, steel exports posted an average increase of 20 percent in the past 44 months. India's steel exports reached $57 million in April-November 2005-06 period, up 16.1 percent compared to $49 billion in April-November 2004-05 period. Indian Commerce Minister has spoken of achieving $100 billion export target in the current financial year, but the Ministry has set a more modest target of $93 billion. The changes in global trade reflect to India's trade statistics.