Tuesday, November 05, 2024
Home » Exports » Exports may grow 10-15% to $900bn in FY25

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

May 13, 2024
Exports
0

Hey, like this? Why not share it with a buddy?

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

Related Posts

Reader / Viewer discretion and disclaimer :
The information provided on SME e-News (www.smeenews.com) website is intended for general informational purposes only. While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the content. The views and opinions expressed in the articles and posts on this website are those of the authors and do not necessarily reflect the official policy or position of SME-e-News website. Readers are advised to independently verify any information found on this website before making decisions based on it. We do not endorse, represent, or warrant the accuracy or reliability of any third-party content linked on this site. Furthermore, SME e-News (www.smeenews.com) website shall not be held liable for any errors, omissions, or delays in the information provided, nor for any losses, injuries, or damages arising from its display or use. Please note that the content on SME e-News (www.smeenews.com) website may be subject to change without notice.