Double digit growth in exports is commendable amidst challenging global trade environment : President, FIEO

NEW DELHI : Speaking on the sidelines of FIEO’s Foundation Day related event, Dr A Sakthivel, President, FIEO said that the aggregate exports of the country in the current fiscal is expected to be between US$ 780-800 billion exhibiting a growth of about 12% over the record exports of US$ 672 billion in 2021-22.

A double-digit growth in exports, when the global situation is becoming tougher and global trade moderating, is encouraging particularly as many of our competing countries are witnessing sharp decline in their exports, observed FIEO Chief. Dr Sakthivel said that the merchandise exports are likely to be between US$ 440-450 billion while services exports are expected to be between US$ 340-350 billion.