Indian Economy is Coming Out From the Bad Times: FIEO chief

NEW DELHI: The export growth for the month of April, 2017 again shows Indian economy’s robustness and capability to come out from the bad and challenging times said Federation of Indian Export Organisations (FIEO) President Mr Ganesh Kumar Gupta.

In a statement here today, Mr Gupta expressed his happiness over the consecutive and continuous higher double digit of over 19 percent during the month.

Expressing hope that the exporting community will continue with its commitment and hard work in achieving growth in exports, FIEO president said that the growth in all major sectors in 23 out of 30 major product groups, more so continued with the same positive trend in April, 2017 also.

Mr Gupta said that Petroleum exports which has a major contribution in the exports basket has once again contributed with a robust growth of over 48 percent.

FIEO Chief said that the increasing imports is primarily on account of high imports of petroleum, crude and products, electronic goods, gold, pearls, precious and semi-precious stones which augured well for gems & jewellery exports during the first month of the fiscal.