India's exports on track to hit $450B in ongoing fiscal
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Ashwani Kumar, the president of the Federation of Indian Export Organisations (FIEO), has projected that India's merchandise exports could hit a staggering $450 billion by the close of this fiscal year. Despite geopolitical hurdles like the Red Sea crisis, Kumar maintains a positive outlook toward reaching this goal. He underscored a 12% surge in exports to $41.40 billion in February and an aggregate of $395 billion from April-February 2023-24.