The Federation of Indian Export Organisations (FIEO) anticipates a notable uptick in India’s merchandise exports, aiming for a substantial increase of $60-70 billion to reach $500 billion by the end of fiscal year 2024-25. Despite a slight dip of over 3% to $437 billion in the previous fiscal year, FIEO President Ashwini Kumar remains optimistic, projecting services exports to also surge to $390-400 billion in the current fiscal. Kumar highlights the pivotal role of traditional markets like the US and Europe in propelling India’s export growth trajectory.
FIEO Forecasts Robust Growth in India’s Exports, Aiming for $500 Billion by FY25
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