The figures for the full year 2023-24 are now available, and that enables an assessment of the export figures for 2003-04, 2013-14, and 2023-24.
The total merchandise exports figures went up from $63.84 billion in 2003-04 to $314.40 billion in 2013-14 (a rise of $250.62 billion), and now stand at $437.06 billion (a rise of $122.65 billion). So, while the merchandise exports grew almost four-fold during 2004-14, they grew by a little over a third during 2014-24. The services exports, however, grew from $46 billion in 2003-04 to $167 billion in 2013-14 (a rise of $123 billion) and to $340 billion in 2023-24 (a rise of $173 billion from 2013-14). Thus the rise in exports of services is more than the rise in the exports of merchandise in the past ten years.
This story is from the April 29, 2024 edition of Business Standard.
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This story is from the April 29, 2024 edition of Business Standard.
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