Exports are on course to achieve $400 billion in the current fiscal, but logistics challenges, particularly unavailability of containers, shut out by shipping lines and high freights pose a "serious challenge", FIEO President said.
"We have actually laid down a roadmap on how we hit $500 billion in merchandise exports and when we hit a trillion-dollar exports. Our guess is that, by 2027-28, very very modest estimates, we should touch $1 trillion figure in exports of merchandise," Subrahmanyam said.
Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said, "Container shortage issue is the most serious one and it will affect manufacturing, as goods will pile up in factories".
Cheaper corn supplies from India would keep the cost of animal feed lower for consumers of meat and chicken in Asia, who are among the most vulnerable to high food prices.