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India`s exports in current financial year to be close to $760-770 billion: Anupriya Patel
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Expressing optimism over India’s exports growth, Union Minister for State for Commerce and Industry Anupriya Patel has said that the country’s merchandise and services exports combined in the current financial year ending March will be close to $760-770 billion. The country's merchandise and services exports stood at $672 billion in the last fiscal.
Patel said ‘we are focusing in every possible way on how we can export more and more because today India's share in global merchandise trade is close to 1.8 per cent. As far as services trade is concerned, it is just 4 per cent. We want to take it to 10 per cent’.
The minister also mentioned that the Indian economy is one of the fastest-growing economies in the world, and with the increasing globalisation of trade, there is immense potential for Indian businesses, particularly brands to expand their footprint in the international market.
