FIEO welcomes the milestone achievement of USD 767 bn goods and services exports, amidst global headwinds : President, FIEO

NEW DELHI : FIEO welcomes the milestone achievement of USD 767 bn goods and services, amidst global headwinds during 2022-23. With this India’s goods exports hit a three-quarter high to cross USD 40 billion in March, 2023. FIEO President, Dr A Sakthivel said that the country is making huge progress in various areas under the visionary and able leadership of Hon’ble Prime Minister, Shri Narendra Modi ranging from social sectors to economy particularly exports. He added that roughly 40% of the additional GDP in 2022-23 was contributed by exports. Such spectacular feat has been possible due to the enabling and supportive eco system created by all the concerned ministries and departments, said Dr Sakthivel.

FIEO Chief is confident of achieving the exports target of USD 2 tn by 2030. The timely guidance and support from the Hon’ble Commerce & Industry Minister, Shri Piyush Goyal, who constantly engaged with the trade and industry especially exporters and monitored their progress through frequent engagements, has helped the exporting community achieve this feat. Dr A Sakthivel reiterated that exports have now become a national priority, which has helped in providing further momentum to the sector.