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FIEO sees strong flow of exports from eastern India

“We are continuing to endeavour to seek fresh contacts with newer and upcoming markets with import demand so that it can boost export prospects of our members and others to add to the country’s foreign exchange”, FIEO Eastern Region Chairman Sushil Patwari said.

FIEO, West Bengal, steel sector, GDP, West Bengal,  marine products, foreign exchange
India's GDP in 2018-19 stood at USD 2.7 trillion and during the year, the country's export of goods touched an all time high of USD 331 billion and USD 204 billion in services, the statement said.

The Federation of Indian Export Organisations (FIEO) on Saturday said it is expecting a strong flow of exports from eastern India, especially in the iron and steel sector. Gems and jewellery, iron and steel, petroleum and marine products occupied some of the top segments with regards to exports from West Bengal, said a statement from the exporters’ body.

“We are continuing to endeavour to seek fresh contacts with newer and upcoming markets with import demand so that it can boost export prospects of our members and others to add to the country’s foreign exchange”, FIEO Eastern Region Chairman Sushil Patwari said.

Also read: Political stability, predictable policy framework make India attractive investment destination, says Narendra Modi

In the Indian economy, the exports contribute substantially to the country’s GDP, he said. India’s GDP in 2018-19 stood at USD 2.7 trillion and during the year, the country’s export of goods touched an all time high of USD 331 billion and USD 204 billion in services, the statement said. On an average, the exports contributed about 20 per cent to India’s GDP for the financial year 2018-19, it said.

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First published on: 24-08-2019 at 15:32 IST
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