Export of goods, services to reach $500 bn in 2017-18: FIEO

India's shipments of goods and services are expected to reach USD 500 billion in 2017-18, apex exporters' body FIEO today said.
"We expect the merchandise exports to be around USD 315 billion and services exports to about USD 185 billion in 2017-18," Federation of Indian Export Organisations (FIEO) said in a statement.
The new FIEO President G K Gupta said that exporters should look at increasing shipments more aggressively.
"A greater emphasis needs to be given to exports in the new GST regime with liquidity being the key challenge for exporters," he said.
He also said that in the upcoming mid-term review of the Foreign Trade Policy, there is a need to relook at further diversifying the product basket and focus more on high-tech products where India's share in global trade is very low, to further compete in the international market.

FIEO has nominated M Rafeeque Ahmed of Farida Group as its new Vice President.