Dr. A Sakthivel, Regional Chairman, Federation of Indian Export
Organisations (FIEO) Southern Region while welcoming the Economic Survey 2018
placed in the Parliament said that the
Survey pointing on revival of Economy and opined that Indian Exports
will show double digit growth in the coming years irrespective of growing
protectionism across the world.
finding of the survey that Indian exports
are much less concentrated by firms: Top 1% of Indian exporters account for 38
percent of exports, share much greater in other countries: 72, 68, 67, and 55 %
in Brazil, Germany, Mexico, & USA, Dr.
Sakthivel said that various initiatives
taken by the
Government helped the start ups to become successful in international trade.
stressing the for continuation
of Duty Drawback and ROSL, Dr. Sakthivel said that in order to keep the
momentum of exports and make it competitive,
the schemes should continue for 2018-19 financial year period until India attain a
respectable 5 per cent share in global trade and all the impeded taxes involved in
export products being refunded.
If GDP growth is to pick up
to 7.5 per cent as envisaged, we need to generate more employment opportunities and
growth is having potential to generate huge employment opportunities.
For this, further support is needed for making export