The Centre today said the country's exports will witness 17 per cent rise this financial year, although job losses will continue because of a sharp slump in demand in certain segments within the sector.
"I still see a growth in exports. The overall growth of exports for this financial year will be 17 per cent," Commerce and Industry Minister Kamal Nath told reporters here.
"There would be some job-loss in exports," he said, adding "the demand in certain sectors has been curtailed because of global depression."
On contraction in IIP figures, he said, "They have reversed themselves and we will see them next week."
Certain sectors are showing an upturn, he said.
Earlier in the day, the Cabinet Committee on Economic Affairs (CCEA) approved the changes in the guidelines for calculating total foreign investment, direct and indirect, in Indian companies.
"We have harmonised them, simplified them across sectors. So there is one method only of calculating FDI percentages," Nath said.