Commerce and industry minister Piyush Goyal on Thursday said that in a fast ramp up of India’s export performance, outbound shipments will improve in May and June.
“While April was a washout with a 60% decline, the fall in exports in May will be 30-35%,” Goyal said at the Digital Summit on Exports organised by CII via video conferencing.
Highlighting that domestic market is the pedestal on which exports are made, he said: “We have to build up on domestic demand at competitive prices with surplus going to exports” and added that manufacturing revival, diversification of export basket and focus on new markets will help expand India’s presence horizontally across the world.
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