India's merchandise exports projected to reach $450bn by fiscal end, with focus on marine insurance, freight charges, MSME support, and FTAs with UK, Oman.

India's merchandise exports are expected to reach $450bn by the end of this fiscal, according to newly elected FIEO President Ashwani Kumar. Despite geopolitical challenges like the Red Sea crisis, Kumar highlights the need to ensure marine insurance availability and rationally increase freight charges. He also emphasizes the importance of easy, low-cost credit and marketing support for MSMEs, and the conclusion of free trade agreements with countries like the UK and Oman to further boost exports.

March 19, 2024
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