Overall exports (goods and services) of over $770 bn with a growth of about 14 percent, amidst global headwinds goes to show the resilience of the Indian exports sector, said Dr A Sakthivel, President, FIEO while reacting to annual foreign trade data released by the Government. Dr A Sakthivel added that the milestone achievement of $447.47 bn in goods exports has been mainly on account of phenomenal growth in exports of electronic goods, petroleum products coupled with growth in agro and processed food, marine products, leather goods, apparel, drugs & pharmaceuticals and organic & inorganic chemicals. He added that roughly 40 percent of the incremental GDP in 2022-23 was contributed by exports. The FIEO Chief is confident of achieving the exports target of $2 trillion by 2030.

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