Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi expressed optimism about India’s export prospects despite ongoing global challenges. He urged exporters to take a balanced and informed approach to tackle shifting global trade dynamics.
Speaking on current trends, Sarangi said the global geopolitical situation offers India a timely chance to strengthen its export growth and sharpen its manufacturing edge.
He noted that India’s combined goods and services exports will likely exceed $800 billion this year, up from $778 billion in the previous financial year.
Addressing the ‘Sourcex India 2025’ event, Sarangi stated, “While we see a temporary blip in exports (in the recent) months, in the longer run, our exporting communities have been giving us an impression that the number of order enquiries which they are receiving is fairly positive and that gives me the confidence that our exports will increase vis-a-vis our current levels.”
Sarangi highlighted that government-backed initiatives, such as production-linked incentive (PLI) schemes, are making it easier to do business and encouraging local manufacturing growth.
He also praised the Sourcex India platform, calling it an important initiative in promoting Indian exports and supporting a broader trade ecosystem.
The DGFT head further shared that India is actively pursuing new Free Trade Agreements (FTAs) with like-minded economies to create fresh export avenues.
FIEO Director General and CEO Dr Ajay Sahai added that Sourcex India is poised to boost the global reach of Indian brands by enabling greater business visibility and trade engagement.
Echoing the sentiment, Ashwani Kumar, Officiating President of FIEO, said the event provides direct interaction between Indian exporters and international buyers, helping expand India’s global trade footprint.
Sourcex India 2025 has attracted over 150 global buyers from more than 45 countries, including regions like Africa, CIS, EU, LAC, NAFTA, NEA, Oceania, SA, SEA, and WANA, offering Indian businesses valuable access to international markets.
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