Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said so far exporters have not flagged any concerns related to exports to Iran.
In a letter to Commerce and Industry Minister Piyush Goyal, Confederation of Indian Alcoholic Beverage Companies (CIABC) Director General Vinod Giri said in 2018-19, exports of alcoholic beverages stood at Rs 2,200 crore, while imports were Rs 5,400 crore.
India is one of the major economies contributing to the world services export industry. The services sector contributes to about 55 per cent in India's gross domestic product.
India exported about 37 lakh tonne of sugar in the 2018-19 marketing year ended September to clear the surplus stock, the government told the Rajya Sabha on Friday.
The country's exports dipped by 1.11 per cent to USD 26.38 billion in October on account of contraction in sectors like petroleum and leather.In September also, exports had contracted by 6.57 per cent to USD 26 billion.
Since mid-2018, the US and China have been locked in a trade confrontation that has resulted in several rounds of retaliatory tariffs.
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