Economic Reporter :
The government has announced an export earnings target of US$ 51 billion projecting a 12.37 per cent year-on-year growth for the fiscal year of 2021-22.
Of the target, US$ 43.50 billion will come from goods shipment and US$7.5 billion from services with a growth of 12.23 per cent and 13.15 per cent respectively.
Commerce Minister Tipu Munshi made the announcement at a virtual press briefing held on Tuesday. Leaders from export-oriented sectors were present during the briefing.
The country fetched a total of US$ 45.39 billion from export earnings — goods and services — in the just concluded fiscal year, the minister said. Out of the total export earnings, about 38.75 billion were earned from goods exports recording a 15.10 per cent growth in FY 2020-21 compared to $33.67 billion in FY 2019-20.
This fiscal’s target has been set taking a number of issues into account that include the just concluded fiscal year’s performance, the Covid-19 situation and its impact on global supply chain and the packages announced to overcome the pandemic impact, Mr Munshi said.
Commerce Minister Tipu Munshi, announces the country's export earnings target at a press briefing held virtually on Tuesday.