Reacting to the Trade Data for the month of September, 2022, Dr A Sakthivel, President, FIEO said that the September goods exports further consolidates on the back of 17 major product export categories including petroleum products, electronic goods, gems & jewellery, drugs & pharmaceuticals, organic & inorganic chemicals and agri products showing progressive growth trend. The growth in exports of electronic goods on a sustained basis is a good sign besides growth in exports of gems & jewellery and petroleum products. President, FIEO said that while it is very early to forecast anything as of now. However, we should not draw solace from the fact that exports of most of the economies are facing contraction but this is a stark reality. President, FIEO said that the coming few months would be quite challenging unless the geopolitical situation improves drastically.

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