Exports positive in April-June quarter despite global challenges: Goyal
The Hindu
India's exports show positive growth despite global challenges, with services sector boosting outbound shipments, says Commerce Minister.
India's exports have recorded healthy growth in May and remained in the positive zone in June and the first quarter of the current fiscal despite global challenges, Commerce and Industry Minister Piyush Goyal has said.
He also said that growth in the services sector is helping the country's outbound shipments to register positive growth rates.
"In May, exports were positive, the figure for June is also positive. The first quarter is also in the positive territory," Mr. Goyal told PTI.
India's merchandise exports rose 9.1% to $38.13 billion in May. During April-May this fiscal, the outbound shipments grew by 5.1% to $73.12 billion.
The Commerce Ministry will officially release the export data for June on July 15.
"Despite the ongoing two wars (Russia-Ukraine and Israel-Hamas), the Red Sea crisis, and container shortage issues, our exports are in a positive zone. One more advantage that we have is the fast pace growth in the services exports," the Minister said.
He added that the services sector has received a boost from the government's Digital India mission.
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