You are here: Home » Economy & Policy » News
Business Standard

FIEO sets export target of $325 bn for this fiscal

There is a bit of anxiety in the business with regard to the Goods and Services Tax

Press Trust of India  |  New Delhi 

exports, imports
File Photo

With exports recording continuous growth, exporters body expects that the country's merchandise shipments would reach $325 this fiscal.

Federation of Indian Organisations (FIEO) President also said while India is showing a positive trend on exports since the last nine months, there is a bit of anxiety in the business with regard to the Goods and Services Tax (GST).

"Indian exports have been on an upward trend in last few months with of $275 in last fiscal and a target of $325 to achieve in 2017-18," said in a statement.

Further, it has organised an interactive session with Commerce Secretary in

Quoting the secretary, said, "GST is a well needed reform and the transition will require some time, and calibrated process of foreign trade policy will be continuous".

With regard to shipping lines overcharging, she stated that the Director General Shipping has been informed and they are waiting for a response from them.

First Published: Wed, June 21 2017. 22:23 IST
RECOMMENDED FOR YOU