The country's merchandise exports are expected to increase about $60-70 billion to $500 billion by the end of FY25, apex exporters' body FIEO said on Thursday.
In 2023-24, exports dipped over 3% to $437 billion.
Federation of Indian Export Organisations President Ashwini Kumar also said the country's services exports are also likely to reach $390-400 billion this fiscal.
"We are looking for merchandise exports between $500-510 billion in 2024-25. In the services, we expect exports to be around $390-400 billion for the current fiscal," Kumar told reporters here.
He said traditional markets like the US and Europe will help in boosting India's exports.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
