FIEO looking at 15% growth in exports from FY 2020-2021

India’s merchandise exports during April-November 2019 are down by about 1.99 per cent. Commenting on the same, Sharad Kumar Saraf, President, FIEO, adds, “Despite having moderate share in global trade, India’s exports have always followed the trend in global imports. Therefore, when global imports are declining, our exports are also likely to take a hit. With 1.99 per cent decline in Indian merchandise exports, we feel our goods exports may touch US$ 330-340 billion in the current fiscal.”
“Fortunately, the order book position of Indian exporters is very encouraging. The less volatility in our currency has also been a positive factor. The liquidity is also improving though we still have a lot of distance to cover. The infrastructure improvement and initiatives on the logistics front will impart further competitiveness to our exports. If the global situation improves, which is likely in the first half of 2020, we may look for 15 per cent growth in exports during the next financial year,” added FIEO President.