India's exports would register healthy growth rates in the coming months and are expected to touch USD 350 billion in 2018-19, Commerce and Industry Minister Suresh Prabhu said today.
He also said that services sector is set to become a dominant driver of the Indian economy and will contribute USD 3 trillion to the GDP by 2025.
A commerce ministry statement, quoting Prabhu, said that the services sector contributes significantly to India's increased productivity and competitiveness.
The minister also said that India is pushing for export of services to countries in Africa and Latin America.
"Despite increasing global protectionism, exports will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal," he added.
In 2017-18, the country's merchandise exports grew by about 10 per cent to USD 303 billion.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app