Exports may reach US$ 290 billion by end of fiscal year, says trade body
- IBEF
- December 31, 2020
On Wednesday, FIEO, said, “The country's exports industry may meet target of US$ 290 billion by the end of FY2021.”
Mr. Sharad Kumar Saraf President of Federation of Indian Exports Organizations (FIEO), said, “2021 will bring optimism in the export industry.”
He also said “We are sure we will see a V-Shaped recovery in world trade and much more than what we lost in 2020. As we witnessed the First and Second Quarters were very challenging, we will try to recovery the export of amount US$ 290 billion in the year ending of 2020-21.
He said, “As we see there is good amount of booking on going in the section of processed food , pharma, medical and diagnostic products, technical textiles, chemical, plastics, electronics and networking products, there will be maximum effort put in to take the export amount to US$ 350 billion by 2021-22.”
He proposed to the government that it should more focus on sectors where major imports are taking place and encourage those sectors which are important in employment point of view.
In April-November 2020-21, exports stood at US$ 173.66 billion.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
