India: exports to be worth USD 750 bln by 2018-2019

Tuesday 26 August 2014 14:31 CET | News

Indias exports are expected to reach USD 750 billion by 2018-19, which means a CAGR of 19.14%, according to statements issued by the Federation of Indian Export Organisations (FIEO), reports.

Global commerce is expected to grow at 4.7% in 2014 and 5.3% in 2015, the exporters body officials claim, cited by the same source.

Rafeeq Ahmed, FIEO President has informed that Indias traditional markets, the US and Europe, account for around 30% of the countrys exports.

Moreover, the countrys exports were worth USD 312.35 billion, USD 300.4 billion and USD 307 billion in 2013-14, 2012-13 and 2011-12 respectively.

Exports growth went to 7.33% in July 2013 after witnessing a double-digit expansion in May-June 2014, pushing up the trade deficit to a year-high of USD 12.22 billion.

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Keywords: India, exports, worth, value, cross border, ecommerce, global commerce, inter-regional, double digit
Categories: Payments & Commerce
Countries: World
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