Indian exports are reported to have risen by 46.45% in June 2011, though it’s an impressive increase, it may not continue into the second half of the fiscal year, due to the uncertainty in the US and Europe.

Also, owing to the rise, exports increased majorly by 45.7 % to USD 79 billion in the first quarter of the recent fiscal year.

Irrespective of most of the sectors experiencing huge increase, such as; petroleum products, readymade garments, engineering or pharmaceuticals, the Commerce Secretary, Rahul Khullar has warned that “news from the largest two markets , the US and Europe is far from cheerful and Summer is not over, it is still not going to be easy”.

However, the US and Europe together account for around 35% of the country’s exports, which was at USD 246 billion from 2010 to 2011, and Federation of Indian Export Organizations President, Ramu Deora said:"Export growth is going to continue for another three months till September. The growth trend will not be as good in the third and fourth quarters and will get restricted to around 35% to 40%”.

Moreover, the government is aiming at a 25 % growth yearly, to enable exports get to USD 500 billion from 2013 to 2014.