Business Standard

Merchandise exports to be at $330 billion in FY19: Suresh Prabhu

This will be lower than the $350-bn target set by the commerce department

trade
Premium

Subhayan Chakraborty New Delhi
Total merchandise exports will be about $330 billion in the current fiscal year, Commerce and Industry Minister Suresh Prabhu said on Thursday. This will be lower than the $350-billion target internally set by the commerce department.

Exports have consistently been unable to meet the commerce department’s annual trade growth forecast. Speaking at a meet with diplomats from the European Union and the Oceania region, Prabhu said India’s exports have risen despite global uncertainties in the early part of 2018-19 (FY19).

While petrochemicals, jewellery, and apparel remain major export sectors, newer segments such as agri products have been successfully pushed, officials said. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 28 2019 | 10:56 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com