Metals, machinery, marine products may drive export growth in 2018-19

The tally for total exports stood at a revised $303.66 bn for 2017-18, above the government's target of $300 bn

Sectors such as metals, machinery, plastic and marine products may drive India’s export growth in 2018-19 as a diverse set of sectors upstage traditionally strong exchange earners such as gems and jewellery and textiles in the growth charts.

A recently released official statistics reveals that the export spurt in 2017-18, whereby the country managed to achieve more than $300 billion worth of outbound trade after two years, was supported by a consistent annual rise in commodities and finished goods from these sectors.

The tally for total exports stood at a revised $303.66 billion for 2017-18, above the government’s target of $300 billion.