18% Growth in Exports Encouraging: PHD Chamber
While appreciating India’s exports growth at around 18% in the month of October 2018, Mr Rajeev Talwar, President, PHD Chamber of Commerce and Industry said that the trade facilitation measures in India are inspiring and there is a great scope to enhance our exports growth trajectory, going forward.
Global growth projection by IMF at 3.7% in 2018 and 2019 indicate that demand in the global economy will remain steady and there is an opportunity to strengthen our exports in the coming times, said Mr. Talwar.
India’s exports stands at around USD 27 billion in October 2018 as compared to about USD 23 billion in October 2017 registering a growth rate of about 18%.
The cumulative volume of India’s exports stands at USD 191.01 billion during April to October 2018 as against USD 168.6 billion in April to October 2017 registering a growth rate of 13.3%.
As teething problems of GST are almost over, the export trajectory is expected to gain momentum in the coming months, said Mr. Rajeev Talwar.
Going ahead, the continuous pace of reforms at domestic front and recovery in the international markets would help India to remain in positive exports growth trajectory in the coming months, said Mr. Talwar.