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10 million to lose job by March in export units

January 6, 2009

The target for the current fiscal is $200 billion while exports totalled about $160 billion in 2007-08.

Europe and North America, which account for 37 per cent of India's merchandise exports, are reeling under recession and slowdown.

The FIEO chief said he did not see positive trends before the fourth quarter of the calendar 2009, 'though a complete U-turn may take a little longer'.

Image: A textile worker seen through a row of clothes. | Photograph: Jitendra Prakash/Reuters

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