Exports likely to grow by 3% to $850 billion this fiscal: GTRI - The Economic Times
India’s exports are projected to grow steadily during the current financial year, with total outbound shipments likely to reach nearly $850 billion, according to trade experts. This growth is expected despite ongoing global uncertainties, including slow demand in key international markets and geopolitical challenges. Strong performance in services exports, especially IT and business services, is playing a major role in supporting overall trade growth. Meanwhile, merchandise exports are seeing gradual recovery driven by sectors such as electronics, pharmaceuticals, engineering goods, and chemicals. Government initiatives like production-linked incentive schemes, improved logistics infrastructure, and efforts to diversify export markets are also contributing positively. Trade bodies believe that continued policy support, stable currency movement, and expanding free trade agreements could further strengthen India’s global trade position. While challenges remain, the overall outlook for India’s export sector remains cautiously optimistic for the year.
The Key points
- India’s total exports may touch $850 billion this fiscal year.
- Overall export growth is estimated at around 3 percent.
- Services exports continue to be the strongest contributor.
- IT and professional services are driving trade earnings.
- Merchandise exports show signs of gradual recovery.
- Electronics and pharmaceuticals remain key growth sectors.
- Government incentive schemes support export competitiveness.
- Improved logistics is reducing trade costs.
- Market diversification is helping offset weak global demand.
- Trade outlook remains positive despite global uncertainties.
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (economictimes.indiatimes.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
