Suresh Prabhu expects 20% growth in exports in June
The Commerce Minister Suresh Prabhu recently said he is expecting around 20 per cent growth in exports in June. In May, exports recorded over 20 per cent growth and it looks like June will also be the same, he said. The Minister was addressing exporters on preparing strategy to add 100 billion dollar to India's exports. The official figures for June will be released by Commerce Ministry on July 15. Prabhu also said banks should lend exporters as part of priority sector lending so that they do not face credit-related issues. He said the Government is providing support to boost exports and India will not be affected by the headwinds at global trade level.
Exports grew 20.18 per cent to USD 28.86 billion in May - the highest in six months.
The previous high growth of exports was recorded at 30.55 per cent in November 20.