FIEO Welcomes Economic Survey’s Positive Outlook on India’s External Sector: Ashwani Kumar, President, FIEO
Ashwani Kumar, President, Federation of Indian Export Organisations (FIEO) welcomed the Economic Survey 2024-25, which highlights India’s external sector resilience amid global uncertainties. FIEO President commended the government’s efforts in navigating a challenging economic landscape and stresses the need for sustained policy focus on export competitiveness and sustainable growth.
City Air News
Jan 31, 2025 08:37
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New Delhi, January 31, 2025: Ashwani Kumar, President, Federation of Indian Export Organisations (FIEO) welcomed the Economic Survey 2024-25, which highlights India’s external sector resilience amid global uncertainties. FIEO President commended the government’s efforts in navigating a challenging economic landscape and stresses the need for sustained policy focus on export competitiveness and sustainable growth.
With India’s GDP projected to grow between 6.3% and 6.8% in FY26 and exports rising by 6%, overcoming global headwinds and rising protectionism, Mr Kumar sees this as an encouraging sign for the export sector.
He emphasized that a stable and growing economy provides a strong foundation for export-oriented industries, and acknowledges the Survey’s insights on challenges like geopolitical tensions, inflation and global slowdown. Indian exporters must remain agile and adaptive to evolving global demand patterns.
Some of the key recommendations by FIEO include:
Boosting Export Competitiveness: Simplification of procedures, reduction in transaction costs and adoption of innovation & technology.
Market Diversification: Expanding beyond traditional destinations to mitigate risks.
Value-Added Exports: Moving up the value chain to enhance profitability.
Trade Infrastructure Development: Increased investment in ports, airports and logistics to improve efficiency.
MSME Support: Greater access to credit, technology upgradation and marketing assistance for Brand India.
Digitalization & Technology Adoption: Essential for improving efficiency and global market access.
