Chennai: After witnessing a decline last fiscal, exports are expected to get better in the coming months and register growth in the ongoing fiscal as the order books are looking positive, said the apex trade body.
In FY24, merchandise exports declined 3.10 per cent as the global turmoil affected demand. However, in April exports were marginally up by 1.06 per cent.
“Growth of over 1 per cent is a good sign even during such challenging times. This not only shows the determination of the resilient export sector but also the efforts and hard work that the exporting community is putting together. The ongoing Russia-Ukraine war coupled with various major geo-political tensions including the Red Sea crisis and Israel-Hamas conflict has also made the international trade scenario much tougher for the Indian exporters,” said Ashwani Kumar, president, the Federation of Indian Exporters Organisation.
According to him, things are looking up as the order books show positive signals.
“We…