‘Exports to form 40% of GDP by 2025’

Mumbai, February 19 

The Modi government will soon come out with a comprehensive strategy to increase the share of global trade to 40% of the GDP, which is expected to touch $5 trillion by 2025, Commerce Minister Suresh Prabhu said today.

At present, exports constitute only around 18% of the $2.6-trillion GDP, which is currently the fifth largest in the world after the US, China, Japan, Germany and Britain, while the country's share in global trade is paltry and is under 2% only. — PTI