Considering both the strengths and weaknesses of India's recent export performance, the author argues in this paper that it is difficult to conclude with conviction that Indian exports have now taken off for a self-sustaining rate of growth in real terms at the rate experienced in 1974 and 1975. There is indeed no room for complacency on the export front. The recent performance however does provide hopes that with concerted efforts at all levels, through a well formulated and implemented national export policy, the export sector can be made to yield the maximum potential contribution within limits which it can make to the national economy in the coming years. The author presents a set of twenty suggestions which could be considered by the policy makers while formulating the much-needed national export policy.