You are here: Home » Budget » News » Financial Sector
Business Standard

Budget 2018: Exports are likely to expand by 15% in FY18, says FM

exports during April-December 2017-18 grew by 12.05 per cent to USD 223.512 billion

Press Trust of India  |  New Delhi 

Finance Minister Arun Jaitley
Finance Minister Arun Jaitley

Jaitley today said the country's exports are likely to expand by about 15 per cent during the current fiscal.

"Our exports are expected to grow at about 15 per cent in 2017-18," he said while presenting 2018-19 here.

The country's merchandise shipments rose 12.36 per cent to USD 27.03 billion in December 2017.

Cumulatively, exports during April-December 2017-18 grew by 12.05 per cent to USD 223.512 billion.

Total exports value was recorded at USD 274.64 billion in 2016-17, up from USD 262.29 billion in the preceding year.

Currently, the provides export incentives through two schemes merchandise and services export from scheme.

In December last year, the announced incentives worth Rs 8,450 crore to boost exports of goods and services, mainly from labour-intensive sectors.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, February 01 2018. 11:40 IST
RECOMMENDED FOR YOU