Exports are likely to witness a “double digit growth” this fiscal, despite the challenging global economic scenario and other trade barriers, the Union Commerce Secretary, Anup Wadhawan, said here, on Wednesday.
According to him, the situation remains challenging on both external and internal fronts, but the Government is taking all the necessary action to push growth.
Exports from India witnessed a 9-10 per cent growth in FY19 and stood at $331 billion, amongst the highest in recent times. Indian exports have seen a growth for three years at a stretch.
“This year, despite the challenges on the internal and external front, we are looking at a double digit export growth. But, I cannot speculate a figure,” Wadhawan told reporters on the sidelines of an EEPC seminar. He, however, did not specify any numbers that the Union Commerce Ministry was looking at.
Wadhawan was in the city to inaugurate the EEPC Technology Centre here. This is second such facility for the export promotion council; and it is expected to help exporters, particularly in the MSME sector, to scale up on the technology-led value chain and thereby compete in the global market.
Source: The Hindu BusinessLine
