India's goods, services export may touch $540 bn in FY19

New Delhi: India's merchandise and services export would touch $540-billion mark this fiscal, Commerce Minister Suresh Prabhu said Thursday.

He said exports are growing at a healthy pace and shipments of goods would reach over $330 billion.

Similarly, services exports would touch about $200 billion, according to Prabhu.

In total, both "merchandise and services exports put together will reach about $540 billion" by the end of this fiscal, the minister said here at a function. During April-February 2018-19, the goods exports grew by 8.85 per cent to $298.47 billion.

Talking about the stalled negotiations for a free trade agreement between India and European Union, the minister said India is keen to resume the talks.

"We are really keen to have this FTA with EU. India will work to find a workable deal," he said. The negotiations for the pact, officially dubbed as the Bilateral Trade and Investment Agreement (BTIA), have been held up since May 2013 and have witnessed many hurdles.