Can this be true?
India’s merchandise and services export would touch USD 540-billion mark this fiscal, Indian Commerce Minister Suresh Prabhu said Thursday.
Seems the figures back it up – India was once an isolated domestic economy but is now a major global exporter.
He said exports are growing at a healthy pace and shipments of goods would reach over USD 330 billion. Similarly, services exports would touch about USD 200 billion.
The goods exports grew by 8.85 per cent this year and the Indian economy continues to hit around 7 per cent growth annually.
Surely this is one of the world’s great economic stories.