Exports may grow 10-15% to $900bn in FY25

Despite headwinds, Indian exporters are looking at a 10-15% increase in goods exports, with some estimating overall exports to touch $900 billion this year, compared with around $780 billion during the last financial year. The goods exports will also bolster industrial production and overall economic activity as well as the demand for technology-driven products and services are very high and even for lifestyle goods. But, slowdown in IT and IT enabled services is a concern and garment exporters are looking to tap into markets such as Mexico, Brazil, Poland and other east European countries.

Engineering exporters expect a 15% rise this year due to demand in Europe, UAE and Australia, with which India has signed trade agreements and pharma exports growth is 10% due to strong demands from US. The Indian exporters are looking at a 10-15% increase in goods exports, with some estimating overall exports to touch $900 billion this year, compared with around $780 billion during the last financial year. During the current fiscal, goods exports will rise to $500-510 billion, while services exports will go up to $390-400 bn.

Source : https://timesofindia.indiatimes.com/business/india-business/exports-may-grow-10-15-to-900bn-in-fy25/articleshow/110062053.cms