Despite challenging geopolitical hurdles like the Red Sea crisis, India’s merchandise exports are on track to reach an impressive $450 billion by the end of the fiscal year. In February 2024, the country’s total exports, including merchandise and services, are estimated at a significant $73.55 billion, marking a growth of 14.2% compared to February 2023. Swiftly concluding free trade agreements (FTAs), such as those with the UK and Oman, is crucial for sustaining this export growth, as they will boost outbound shipments.
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