India’s merchandise exports jumped 17% to $192 billion in April-August

03 September 2022 23:06 STI

New Delhi [India]Sep 3 (ANI): India’s merchandise exports rose 17.1% year-on-year to $192 billion in the first five months of the current fiscal year, the Commerce Secretary said on Saturday BVR Subrahmanyam.
Addressing a press conference, Subrahmanyam said, “Services exports have done very well. From April to July, services exports stand at $95 billion and they are on track to break all records this year.
“We are being buffeted by high winds globally. We are having disruptions due to Ukraine and Russia. We are very aware of the high inflation rates. We are aware of the actions taken by various central banks around the world,” he said. said.

The Commerce Secretary said India’s exports are expected to top $750 billion in the current fiscal year. “The good thing is that our exports are holding up. After a very detailed analysis on a very conservative basis, Indian exports this year will exceed $750 billion,” he said.
Subrahmanyam said inflation is a major concern. “Our main concern right now is inflation. Some of the lifting is done by RBI. Some has to be done by governments,” he said.
“In the 75th year of independence, we aim to export $750 billion,” Subrahmanyam said. (ANI)