Date: 15/05/2024

Exports seen to grow 10-15 pc in FY25
Indian exporters are looking at a 10-15% increase in goods exports, with some estimating overall exports to touch $900 billion this year, compared with around $780 billion during the last financial year. The Federation of Indian Export Organisations (FIEO) has estimated that during the current financial year, goods exports will rise to $500-510 billion while services exports will go up to $390-400 billion, as per reports. Healthy goods exports will also bolster industrial production and overall economic activity. There are, however, some concerns of a slowdown in services due to IT and IT-enabled services, given that growth moderated to a three-year low in 2023-24. AEPC is looking at a growth of around 10% to $16 billion, banking on a faster pick-up in the US and the signing of the much-awaited free trade agreement with the UK. Engineering exporters expect a 15% rise this year, as per a report.
source: Exim News Service: New Delhi, May 14