interaction with export promotion councils in Kolkata, Commerce Minister Suresh
Prabhu asked the industry to come up with a detailed plan to push the country’s
exports and said that the Government too will come out with a strategy document
on increasing the share of exports to 20% of the GDP.
share of exports in GDP is 18-19% FIEO (Federation of Indian Export
Organization) says. .
In his budget
speech last week, Finance Minister Arun Jaitley had said that India’s exports
are likely to expand by about 15% in the current fiscal, ending March 31.
economy is now $2.5 trillion - seventh largest in the world. India is expected
to become the fifth largest economy very soon,” he had said.
merchandise shipments rose 12.36% to $27.03 billion in December 2017.
Cumulatively, exports during the April-December period of 2017-18 grew by
12.05% to $223.512 billion.