The Indian commerce ministry has announced that it has set India's export target at $200 billion for 2008-2009. This export target is a part of India's trade policy initiative that runs from 2004 to 2009. In 2004-2005, the first year of the new policy, exports were at $63 billion. India's export ambitions face at least one major risk factor: rising inflation. The central bank, the Reserve Bank of India, has expressed concern that a higher export target could put more pressure on prices.