India’s exports of goods and services soared to $62.26bn in October, representing a robust 9.43% year-on-year growth, according to official data released on Wednesday. Despite this encouraging growth, India’s overall export volume is projected to decline by 1.61% in fiscal year 2023-24, reaching approximately $437.54bn. In March 2022-23, the country’s total export volume reached an impressive $775.87bn, surpassing the previous year’s figures by 14% and nearly $100bn. This surge was driven by a 6.74% and 27.86% growth in goods and services exports, respectively, reaching $450.43bn and $325.44bn. This initiative aims to strengthen India’s export potential and contribute to sustainable economic growth.

Source: Daily News Egypt November 22, 2023 19:36 UTC