India Export is decreasing . It may not touch the target of USD 350 Billion set for FY 13 . Last year ( FY12) Export figure was USD 320 Billion . Export to Europe & America has decreased considerably since last few years due to the reason know to all . Export to Asian Countries is picking up . But Export to China has decreased in 2012

India-China bilateral trade declined by 10.1 per cent to USD 66.47 billion last year.According to the figures released by the Chinese Commerce Ministry, India’s trade deficit mounted to USD 28.87 billion due to steady decline of export of iron ore.