Indian Textile exports, bright future expected in 2022 on the back of PLI schemes & recovery in global demand
18 December 2021, Mumbai:
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts.
Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 percent expansion in the global merchandise trade volume in 2022.
Exporters believe that the outbound shipments would cross the USD 400 billion mark in this fiscal going by the current momentum and may reach USD 475 billion in 2022-23.
ET (The news article has not been edited by DFU Publications staff)
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