Impressive exports growth albeit logistics challenges

Reacting to the trade data for July 2021-22, Dr A Sakthivel, President, FIEO said that the sustained growth in exports of about 48 percent with USD 35.17 billion over FY’ 2020-21 and by 34 percent over FY’ 2019-20 yet again demonstrated the strength and resilience of the exports sector. This is the highest-ever exports recorded at least in the previous 9 years as per the data readily available with FIEO. It also is a sign that global trade is recovering fast, added Dr Sakthivel. FIEO Chief reiterated that the global demand during this period has also remained buoyant as the order booking positions of the exporters have still been impressive.
Dr Sakthivel complimented the government under the able and dynamic leadership of Prime Minister Narendra Modi and also the Union Finance Minister, Union Commerce & Textiles Minister for showing confidence and trust on the exporters during these difficult times, who have not only continuously performed impressively but have also been able to showcase that the government’s vision of Atma Nirbhar Bharat has given a boost to the sector.