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March catch up good for exports; engineering at all time high at USD 83 BN -fy 2019: EEPC India
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March catch up good for exports; engineering at all time high at USD 83 BN -fy 2019: EEPC India

Agency News

Kolkata, Apr 16 : Owing to a good catch-up in March, India's exports have crossed USD 331 billion in the financial year 2018-19 with engineering exports registering an all-time monthly figure of USD 9.4 billion and annual USD 83 bn, according to EEPC India chairman Ravi Sehgal.

Mr Sehgal, however, said the fiscal 2019-20 appeared to be a challenging one for India, as highlighted by the IMF and well -noted by the RBI.

The global economy and trade seemed to be coming under pressure with issues like protectionism refusing to go.

He said exports have to be made among the top priorities of the new government, as this sector has a huge untapped potential for employment generation, which was the most pressing need for the country. (UNI)