India#39;s merchandise services exports stood at $538 bn in 2018-19: Piyush Goyal
The value of India’s overall exports rose about 8 per cent to $ 538.07 billion during 2018-19, Parliament was informed on December 2. In a reply to a question in the Lok Sabha, Commerce and Industry Minister Piyush Goyal also said that as per the Foreign Trade Policy 2015-20, the government aims to increase the country’s export of merchandise and services to $ 900 billion in 2019-20 and raise India’s share in world exports (goods and services) to 3.5 per cent.
According to data provided by the minister, India has been registering a growth for the past three years in terms of exports of merchandise and services.
In 2013-14, exports valued at $ 466.23 billion. It grew to $ 468.46 billion in 2014-15 and fell to 416.60 billion in 2015-16 and again went up to $ 440.05 billion in 2016-17.
The country’s overall exports of merchandise and services rose to $ 538.07 billion in 2018-19 from $ 498.63 billion in 2017-18, up 7.90 per cent.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.