India's Merchandise Exports To Surpass $314 Bn

India’s merchandise exports in the current fiscal year are expected to surpass the earlier peak of $314 billion in 2013-14, a senior official said.

“This year, we are very confident that we will go past our earlier peak, our earlier peak of 2013-14. We will go past that peak quite comfortably this year,” Union Commerce Secretary unleashed.

The earlier peak was 314 billion, he said.

The achievement comes against the backdrop of a very challenging global environment, Wadhawan said.

“The earlier peak was 314 billion. We will be comfortably beyond that. Mind you, that is in a very, very challenging global environment. It’s an environment where petroleum prices are coming down and 15 per cent of our exports are petroleum products. So, in spite of that, we are going to achieve a new peak,” he said.