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Exports of Goods likely to grow 16% this fiscal: Commerce Secretary

Exports of Goods likely to grow 16% this fiscal: Commerce Secretary

India’s goods exports are likely to grow by at least 16 per cent in 2018-19 despite the difficult global environment, Commerce Secretary Anup Wadhawan has said.

Addressing the media, Wadhawan said, “It is through a policy of incentives, promotion and facilitation that we have been able to achieve this consistent pattern of export growth. In the last 25 months, except for one month, there has been consistent growth in exports,” Wadhawan said.

He was positive that the 16 per cent growth in exports achieved in the April-August period would be maintained in the entire year.

“We have a comprehensive export strategy in place and those who made the policy are now implementing it. Exporters from various sectors are being consulted on a weekly basis to identify elements for the strategy,” he added.

India’s exports posted a 10 per cent growth to $303.52 billion in 2017-18. A 16 per cent increase in 2018-19 would push up the export figure to over $351 billion.

Source :- Dailyshippingtimes.com

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