/tice-news-prod/media/media_files/2025/02/01/gXQa3EjaxnfynQjg6uNa.jpg)
In a promising outlook for India’s export sector, the Federation of Indian Export Organisations (FIEO) has expressed strong support for the Economic Survey 2024-25, which highlights the resilience of India’s external sector despite global uncertainties. Mr. Ashwani Kumar, President of FIEO, acknowledged the government's proactive measures in shielding the economy from volatile global challenges, offering a sense of optimism for export-oriented industries.
Economic Survey 2025
The Survey projects India’s GDP growth to range between 6.3% and 6.8% in FY26, with exports expected to rise by 6%. These projections come even as global headwinds like protectionism and geopolitical tensions loom large, signaling strong potential for India’s external sector to thrive. Mr. Kumar highlighted the importance of sustaining policy initiatives that promote export competitiveness and ensure long-term growth, emphasizing that these developments could significantly strengthen India’s position in the global market.
Read More: Union Budget 2025 Live: Key Announcements & Highlights
He also addressed the challenges identified in the Survey, including geopolitical tensions, rising inflation, and the global economic slowdown, stressing that Indian exporters must remain flexible and adaptive to shifting global demands. With the right strategic approach, India’s external sector can continue to capitalize on emerging opportunities in diverse global markets.
FIEO’s recommendations for boosting the export sector include:
- Boosting Export Competitiveness: Streamlining procedures, reducing transaction costs, and adopting innovation and technology to remain globally competitive.
- Market Diversification: Expanding exports beyond traditional markets to mitigate risks and tap into new growth opportunities.
- Value-Added Exports: Moving up the value chain to increase profitability and reduce dependency on low-margin products.
- Trade Infrastructure Development: Accelerating investments in ports, airports, and logistics to enhance efficiency and reduce bottlenecks in the trade process.
- MSME Support: Increasing access to credit, providing technology upgrades, and assisting in global branding to strengthen India’s MSME sector and promote "Brand India."
- Digitalization & Technology Adoption: Essential for improving operational efficiency and expanding access to international markets, keeping pace with global trends.
With a balanced policy focus and ongoing government support, India’s export sector appears poised to not only weather global uncertainties but also emerge stronger in the years to come.
Join Our Thriving Entrepreneurial Community
Twitter: @TiceNews | LinkedIn: TICE News | Instagram: @tice.news | Google: Leave a Review