(Views expressed in this article are the personal opinion of the author.)

The Government has always looked to the Economic Advisory Council of the Prime Minister for hopeful interpretation of the current situation and benign outlook for the projections during current or next fiscal. But what happens when EAC writes, in its preamble, to its statement on the Economic Outlook for 2012-13 that "there is a dark mood in the advanced economies; especially in Europe. The slower growth in the US and in the EU will have an adverse impact on the expansion of these markets Floridians exports, both of goods and services." If any one can still dare and announce the upward revised export targets will be achieved, he must be aide-hard optimistic. That is what our Commerce, Industry and Textile Minister has proved himself to be, when he announced raising of export target for textile products from $38.31 billion to $40.50 billion for the current fiscal.This includes garment export target of $ 18 billion, against the actual achievement of $ 13.7 billion during last fiscal.


Is this upwardly revised target achievable?Two trade bodies related to the garment export sector have made their viewpoint available on the topic; these being; both differ from each other.


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