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FIEO expects 20% fall in export during FY21 over coronavirus pandemic

The outlook is "extremely negative" at the moment, and fall in export will also be accompanied by a decline in import, an official of the apex exporters' body said

shipping, ports, port, exports, imports
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Pipavav, a non-major port in Gujarat, has developed good linkage to the hinterland to enable smooth traffic flow.

BS Web TeamAgencies New Delhi
The Federation of Indian Export Organisations (FIEO) said on Tuesday that the export from the country is expected to fall by 20 per cent in the current fiscal in the wake of the coronavirus pandemic.

The outlook is "extremely negative" at the moment, and fall in export will also be accompanied by a decline in import, an official of the apex exporters' body said. "We expect that export during the current financial year is likely to fall by 20 per cent. In value terms, this will be around USD 50 to 60 billion," FIEO director general and chief executive officer