India's export growth driven largely by non-oil shipments, USD 1 trillion milestone achievable soon: IIFT Vice-Chancellor
New Delhi, Nov. 13 -- India's robust export growth is being driven largely by non-oil shipments, particularly electronic goods and mobile phones, putting the country on a promising trajectory to cross the USD 1 trillion export milestone sooner than expected, said K. Rangarajan, Vice-Chancellor of the Indian Institute of Foreign Trade (IIFT).
Speaking exclusively to ANI on Friday, Rangarajan said the latest trade figures reflect genuine growth in India's exports, although factors such as a weaker rupee, higher petroleum exports and a favourable base effect may have also contributed.
"Definitely, we are on a very promising track because mostly the growth has been contributed by the non-oil exports. There's no doubt about it," he said.
Hi...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.