The Indian government said on Wednesday that textile exports during the current fiscal year could fall by as much as seven per cent from its revised target of $12 billion.

Textiles Minister Kashiram Rana said the global economic slowdown had hit the industry hard which had forced officials to revise the export target to last year's level when India exported textiles worth $12.09bn.

"Despite the revision in our export target to $12bn from $13bn earlier we are expecting our exports to be lower by 6-7 per cent," he said.

He added that exports have been posting negative growth since the beginning of the calender year but that as exports always pick up in the last quarter, the final export figures could be higher.

According to official figures, exports during the period January-August declined by nearly four per cent to $7.6bn compared to $7.9bn in the same period a year ago.