The export promotion councils have been requested by the commerce ministry to develop export goals for the current fiscal year and a thorough plan of action to reach those goals. Exporters claim that on April 24, during a meeting presided over by Commerce and Industry Minister Piyush Goyal, topics pertaining to the nation’s export shipments were covered.
India’s combined exports of products and services reached a record high of USD 770 billion during the most recent fiscal year.While exports of goods reached USD 447 billion, exports of services are thought to be closer to USD 322 billion.
An exporter reported that “the ministry has asked us to work on new exports target for this fiscal and explain ways to achieve.”Chairman of the Apparel Export Promotion Council Narendra Goenka noted at the meeting on April 24 that there are international Despite the current fiscal year’s economic uncertainty, the sector is predicted to grow by 5–10%.
