General Electric India is resetting its targets from the ambitious $8bn in revenue a year goal by 2010 it forecast three years ago as it juggles businesses affected by the global slowdown.

Tejpreet Singh Chopra, president and chief executive of GE India, said the group had scaled back some of its businesses, such as unsecured consumer lending and was pushing ahead with others, such as healthcare and bids for government fighter jet and train contracts.