Piyush Goyal sets exports target of $400-450B
Piyush Goyal, the Commerce and Industry Minister, declared that India has been negotiating free trade agreements (FTAs) with various countries. Thus, in the future, we can see the exports market of India reach invincible heights.
Goyal also mentioned how India’s exports are on the right track. The country has achieved 48 percent of the targeted volumes. He affirms that India shall soon complete this year’s target of USD 400 billion. “Our exporters have made all of us Indians proud today,” he said. He also mentioned we could aim to scale USD 450-500 billion exports next year.
The minister had advanced India’s trade position and negotiated bilateral and multilateral agreements at the G20 ministerial meeting in Sorrento, Italy. The meeting was held between him and his other correspondents. The 15 ministers were from South Korea, Australia, South Africa, the US, Brazil, China, and the European Union.
India is now on its way to catering to the much-needed post-covid economic recovery. The one which is highly dependent on exports, as the RBI had mentioned earlier this year.