Export projection for FY25 underway, working on ease of doing biz: DGFT
The Director General of Foreign Trade (DGFT) on Friday said that export projections for the current fiscal are still being finalised while efforts are on to improve the ease of doing business to meet the government's goal of achieving USD 2 trillion in exports by 2030.
Total exports in FY'24 were USD 778 billion, showing a marginal increase from the previous year's exports of USD 776 billion. The Federation of Indian Export Organisations (FIEO) has estimated that the country's total exports of goods and services for the current fiscal year could be around USD 890-910 billion.
"Export target for current fiscal is not yet finalised," DGFT Santosh Kumar Sarangi told reporters after interacting with the exporters of Kolkata.
He said that the DGFT's office has submitted a proposal for the extension of the Interest Equalization Scheme, which is set to end in June but it is not yet approved.
The scheme provides pre and post-shipment Rupee export credit, offering a two per cent interest ..