New Delhi: Commerce and Industry Minister Piyush Goyal expressed confidence on Wednesday during fiscalthe country will maintain Last yearDespite the recession, export figures Global business, He said India’s exports of goods and services increased from $ 500 billion two years ago to $ 776 billion in 2022-23.
“Globally, growth has been negative, international trade is in negative territory, projections are that international trade may decline this year, and from that perspective after growing so rapidly we are seeing a phase of consolidation… And I hope that in the current year, we will maintain our figures of last year and strengthen our processes and our capabilities, so that we can grow at a much faster pace,” Goyal told reporters here.
Cumulatively, the country’s merchandise exports declined by 6.5% to $278.8 billion in April-November 2023-24. The estimated value of services exports during the eight-month period was $220.7 billion.
“Globally, growth has been negative, international trade is in negative territory, projections are that international trade may decline this year, and from that perspective after growing so rapidly we are seeing a phase of consolidation… And I hope that in the current year, we will maintain our figures of last year and strengthen our processes and our capabilities, so that we can grow at a much faster pace,” Goyal told reporters here.
Cumulatively, the country’s merchandise exports declined by 6.5% to $278.8 billion in April-November 2023-24. The estimated value of services exports during the eight-month period was $220.7 billion.
