India’s exports accounted for over 22% of the gross domestic product (GDP) in FY23, according to the Ministry of Finance estimates. The overall exports sector is estimated to witness a 13.84% growth in FY23 over the previous year.
India’s Export Story For The Future
Financial year 2022–23 was an unprecedented year for Indian exports with a value of more than $750 billion. As services and merchandise exports bridge their gap further, there are cautionary tales hidden in this figure in the times of changing geopolitics and a decelerating global economy