Exports seen growing at 15 per cent in 2017-18: Jaitley
Finance Minister Arun Jaitley said the country's exports are likely to expand by about 15 per cent during the current fiscal.
By : migrator
Update: 2018-02-01 06:27 GMT
New Delhi
"Our exports are expected to grow at about 15 per cent in 2017-18," he said while presenting Union Budget 2018-19.
The country's merchandise shipments rose 12.36 per cent to USD 27.03 billion in December 2017.
Cumulatively, exports during April-December 2017-18 grew by 12.05 per cent to USD 223.512 billion.
Total exports value was recorded at USD 274.64 billion in 2016-17, up from USD 262.29 billion in the preceding year.
Currently, the government provides export incentives through two schemes – merchandise and services export from India scheme.
In December last year, the government announced incentives worth Rs 8,450 crore to boost exports of goods and services, mainly from labour-intensive sectors.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android