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Home > All news > Business, Economy, Export Import > Budget 2024: How Sitharaman can steer the trade ship amidst two wars and Red Sea crisis to achieve $2 Tn export goal

Budget 2024: How Sitharaman can steer the trade ship amidst two wars and Red Sea crisis to achieve $2 Tn export goal

July 4, 2024
Reading Time: 3 minutes
Nirmala Sitharaman

India aims to clock $2 trillion in goods and services exports by 2030 amid the Red Sea crisis and ongoing war between Ukraine-Russia and Israel-Hamas. E-commerce exports are growing rapidly and those done through the postal and courier routes are pegged at $1.5 billion. Here's a look at the challenges the export sector is facing and its budget wishlist.

India's goods and services exports in FY24 were at an all-time high of $778.2 billion, up 0.23% from $776.4 billion in 2022-23 (goods USD 437.1 billion . . .

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