India's exports are likely to cross 125 billion U.S. dollars in the current fiscal year that ends in March, 2007, according to an export survey issued on Monday by the Federation of Indian Chambers of Commerce and Industry.

The survey said that in the coming few months, India will see good export growth in the markets of South Asia, South East Asia, the United States, the Middle East and the European Union.

The survey was conducted and responses analyzed in October- November this year among 270 companies, which represent a wide range of sectors including automobiles, consumer durables, food processing, consumer goods, textiles, handicrafts, metal and metal products, heavy engineering, pharmaceuticals and chemicals.

It showed that a few concerns were raised about the prevailing policy and regulatory conditions for exports in India, some 48 per cent of the respondents reported that the current overall export conditions are moderately to substantially better as compared to the last six months.

Some 54 per cent of the respondents said they expect the overall export conditions to improve in the coming six months while 58 per cent of the firms feel that industry-level export conditions would improve further.

Regarding the export performance at the firm level, 68 percent of the respondents feel that the next six months should see their export levels improving further.

Source: Xinhua