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Informist, Wednesday, Mar. 26, 2025

 

--DGFT: In touch with exporters in view of tariff uncertainties 
--CONTEXT: DGFT Sarangi speaking at FIEO's Sourcex India 
--DGFT: Some blip seen in exports growth in last few mos 
--DGFT Sarangi: Exports set to grow in medium term

 

NEW DELHI – While the government has observed some blips in India's exports growth in the last few months, the medium-term outlook is positive, Director General of Foreign Trade Santosh Sarangi said on Wednesday. India's goods exports have fallen in each of the last four months.

 

"The blip that I am talking of, the major contributors to it, have been petroleum products and gem and jewellery," Sarangi said at Sourcex India organised by the Federation of Indian Export Organisations. A fall in petroleum prices and softer demand for gems and jewellery led to the fall in exports of the commodities, Sarangi added.

India's merchandise exports in Apr-Feb were at $395.63 billion, almost flat compared to last year. Exports of both petroleum products and gems and jewelley were down on year during the period.

 

But the government's medium-term outlook for exports growth is positive, Sarangi added. "In the longer run, the exporting community has been giving the impression that the number of enquiries that they are receiving from overseas buyers, the number of order enquiries which they are receiving, is fairly positive," Sarangi said. "And that gives me the confidence that in the short to medium term, our exports will actually increase."  

Sarangi also said the government was in touch with exporters, in view of the trade and tariff related uncertainties. These uncertainties come against the backdrop of US President Donald Trump's announcement to impose reciprocal tariffs on all countries, including India.  End

 

US$1 = INR 85.71

 

Reported by Krity Ambey

Edited by Avishek Dutta

 

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