India needs to export rapidly to grow 8-10%: Arvind Subramanian

India needs to export rapidly to boost its economic growth to 8-10 per cent, finance ministry economic adviser Arvind Subramanian said on Saturday.

India's merchandise exports in January shrank for the 14th straight month on continued weak demand from Europe, the south Asian nation's biggest market.

January exports fell 13.6 per cent from a year earlier, while imports dipped 11.01 per cent, data released by the Ministry of Commerce and Industry showed last month.