By November he had to shut down the mill, sack 1,100 workers and shrink his ambition and office space to match his earnings. Jain is only one of the thousands suffering from the worst multi-sector slowdown ever links of london silver. After recording a 25 per centplus annual growth rate from $63 billion in 2003-04 to $162 billion by 2007-08, exports declined by as much as 16 per cent in January after sharp falls from October. Let alone meet the $200 billion export target for 2007-08, India will be lucky to manage even last year’s tally of $162 billion with initial estimates for February indicating a decline of about 13 per cent, says Commerce Secretary G.K. Pillai links of london.