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India's goods export to hit $330 bn in 2018-19: minister

12
Mar '19
India
India’s goods export will touch the highest ever figure of $330 billion in 2018-19, according to minister of commerce and industry Suresh Prabhu, who said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives and quick resolution of issues.

With the structural reforms that have been put in place over the past five years by the ministry and action-oriented plans for major sectors, India is on the path to become the fifth-largest economy this year, an official press release quoted the minister as saying.

The commerce department has identified nine sectors—gems and jewellery, leather, textiles, engineering, electronics, chemicals, pharmaceuticals, agriculture and marine products—to achieve at least 16 per cent growth in exports in 2018-19, he added.

During April-January this fiscal, exports grew 9.5 per cent to $271.8 billion. (DS)

Fibre2Fashion News Desk – India


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