New Delhi, 24 June (IANS). Finance Minister Nirmala Sitharaman on Tuesday appreciated Indian exporters for reaching a record high business of $ 825 billion in total exports despite the global slowdown.
In his address in the Exim Bank Trade Conclave 2025, he said, “India’s total exports have reached a record high level of $ 825 billion, which shows a 6 percent increase compared to the previous year and a great increase compared to $ 466 billion in 2013-14, while global exports have only increased by 4 percent. India’s exporters were successful and crossed 6.3 percent.”
The Finance Minister said, “Global trade and development has been affected over the years; According to the annual estimates of the World Trade Organization, IMF and World Bank, there has been no surge in global development. It does not seem that the world is in a mood to run with exports. Even after this, Indian exporters have registered an increase despite the decline in global exports, showing strength.”
Finance Minister Sitharaman highlighted that despite the conditions such as Slodown in Europe, our exporters have changed their way and have discovered new markets.
He said, “India is not only exporting wholesale goods, but is also exporting well -prepared, high standard products.”
Regarding the ongoing dialogue to finalize free trade agreements, Finance Minister Sitharaman said, “These agreements will change the dynamics of the country’s exports in the future.”
He said, “Intensive trade talks are going on with the US and the European Union and will soon come to the conclusion. Emphasis is being laid on signing more free trade agreements.”
He assured exporters of strong support from the Government of India.
In this context, he highlighted the five major measures taken by the government to promote exports.
The Finance Minister also rejected India’s global criticism of imposing high tariffs on its imports, saying that 7 tariff rates have been removed in this year’s budget.
-IANS
SKT/
