Tuesday 20 August 2019
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business-standard - 6 days ago

Exports growth to be in double digits this fiscal: Commerce

Exports growth of the country in the current fiscal is likely to be in double digits despite the challenging situation both on the external and internal fronts, Commerce Secretary Anup Wadhawan said here on Wednesday. In the last financial year, growth in exports was between nine and ten per cent and the volume touched USD 331 billion which was a record , he said. Wadhawan also said the country had seen the continuous growth in the last three years. In the current financial year, we are expecting the growth to be in double digits , he said on the sidelines of an EEPC seminar here. The official said the global slowdown was almost visible as per the forecast of the International Monetary Fund (IMF) and this fact would be factored in the revised Foreign Trade Policy (FTP). The present FTP is valid till March 31, 2020 and the policy is announced in every five years. In the first few months of the current fiscal, both exports and imports have been impacted. While exports


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