Export figures touch all time high in 2018-19

Indian exports in 2018-29 are estimated to have touched an all time high of over $330 billion beating the previous highest mark recorded in 2013-14. “Through secular growth over the last three financial years, following the major downturn in the face of the global slowdown, merchandise exports for 2018-19 are estimated at $ 331.02 billion, the highest ever, surpassing the earlier peak of $ 314.4 billion achieved in 2013-14. This has been achieved in a challenging global environment,” the commerce ministry said in a statement.

Reacting to the overall merchandise exports figures for the FY 2018-19, Ganesh Kumar Gupta, President, FIEO said, “ the major growth drivers were electronic goods, plastics & linoleum, petroleum, engineering goods, organic & inorganic chemicals, drugs & pharmaceuticals and cotton yarn/fabs/made-ups, handloom products.” With services sector exports also expected to cross $ 204 billion with a growth of 6.26 percent during FY 18-19, the overall exports crossed well over half a trillion mark during the fiscal.

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