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Business EconomyPosted at: Nov 16 2018 3:57PM


PHD Chambers hails 18 pc exports growth in Oct

New Delhi, Nov 16 (UNI) Appreciating India’s exports growth at around 18 per cent in October 2018, the PHD Chamber of Commerce and Industry on Friday said the trade facilitation measures in India are inspiring and there is a great scope to enhance the exports growth trajectory, going forward.
Global growth projection by IMF at 3.7 per cent in 2018 and 2019 indicate that demand in the global economy will remain steady and there is an opportunity to strengthen the exports in the coming times, said Chamber president Rajeev Talwar.
India’s exports stood at around 27 billion dollars in October 2018 as compared to about 23 billion dollars in October 2017 registering a growth rate of about 18 per cent.
The cumulative volume of India’s exports stands at 191.01 billion dollars during April to October 2018 as against 168.6 billion dollars in April to October 2017 registering a growth rate of 13.3 per cent.
As teething problems of GST are almost over, the export trajectory is expected to gain momentum in the coming months, said Mr Talwar.
Going ahead, the continuous pace of reforms at domestic front and recovery in the international markets would help India to remain in positive exports growth trajectory in the coming months, added Mr Talwar.
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