PTI New Delhi

India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours.

He also said that the current scenario presents a "golden" opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. It was organised by the Federation of Indian Export Organisations (FIEO). 

Certain exporters have raised concerns that imposition of duties by the US on sectors like engineering and pharma will hurt shipments to America, which is the largest trading partner of India. Sarangi said that in the current year, India's exports in goods and services will cross USD 800 billion. Last year it was USD 778 billion.

"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 said.