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The positive momentum of India's exports will continue: Eco Survey
The Business Guardian
|July 23, 2024
The economic survey of 2023-24 tabled in parliament today, indicates a significant growth in India’s exports over the past few years.
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“The numbers indicate that India is gaining market share in global exports of goods and services. Its share in global goods exports was 1.8 per cent in FY24, against an average of 1.7 per cent during FY16-FY20. Similarly, its share in global services exports rose to 4.3 per cent in FY23 from an average of 3.3 per cent during FY16FY20,” the report mentioned
The survey further observed that the positive momentum of exports extended into FY23, with India’s overall exports crossing USD 776 billion.
However, the overall imports also increased to USD 898 billion in FY23 compared to USD 760.1 billion in FY22, as per the document.
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