In FY24, India’s exports are likely to reach $900 billion.

Exports of goods could reach between $495 billion and $500 billion in the fiscal year that ends in March 2024, while exports of services could top $400 billion.

The administration of Prime Minister Narendra Modi has set an export goal of $2 trillion by 2030.

Officials from India, meanwhile, have claimed that Russia was hesitant to accept rupee payments for its oil supplies.