Exports may rise 12-15 pc to cross USD 500 bn this fiscal: FIEO

[ad_1] New Delhi: The country's merchandise exports are expected to increase about USD 60-70 billion to USD 500 billion by the end of FY25, apex exporters' body FIEO said on Thursday. In 2023-24, exports dipped over 3 per cent to USD 437 billion. Federation of Indian Export Organisations (FIEO) President Ashwini Kumar also said the country's services exports are also likely to reach USD 390-400 billion this fiscal. "We are looking for merchandise exports between USD 500-510 billion in 2024-25. In the services, we expect exports to be around USD 390-400 billion for the current fiscal," Kumar told reporters here. He said traditional markets like the US and Europe will help in boosting India's exports. [ad_2] Source link https://gagab2b.com/import-exporter-business/import-export-market-news/exports-may-rise-12-15-pc-to-cross-usd-500-bn-this-fiscal-fieo/?feed_id=80&_unique_id=664fe504b5880

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