NEW DELHI : Union Commerce & Industry Minister Shri Piyush Goyal has said that, the Red Sea crisis increased freight costs and hit India’s exports to Africa, the EU, and Latin America but despite the geo-political situation exports of goods and services are expected to cross $800 billion this fiscal.
“I estimate that we will cross $800 billion in exports, another record given the world situation,” he told media persons on Friday. Last fiscal, exports were estimated at $ 778 billion. He added that India’s share in services continued to grow rapidly . . .
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