Exports performance on track, says commerce secretary

The trade deficit, which touched $99 billion in the first four months of FY23, won’t hit the “discomfort level”, he said, adding that the commerce ministry is closely monitoring it.

Written by FE Bureau

August 24, 2022 07:15 IST

Goods exports may be around $470-480 billion this fiscal, against $422 billion in FY22.

On Tuesday, commerce secretary BVR Subrahmanyam said the country’s exports performance is pretty much on track. Goods exports may be around $470-480 billion this fiscal, against $422 billion in FY22.

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The trade deficit, which touched $99 billion in the first four months of FY23, won’t hit the “discomfort level”, he said, adding that the commerce ministry is closely monitoring it. Until July this fiscal, exports grew 20.1% to $157.4 billion.

TOPICSECONOMY exports trade deficit

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This article was first uploaded on August twenty-four, twenty twenty-two, at fifteen minutes past seven in the morning.