Commerce and Industry Minister Piyush Goyal today said that India recorded exports worth 863 billion dollars last year and aims to export one trillion dollars this year. The Minister said this while addressing the curtain raiser of 31st CII Partnership Summit in New Delhi.
The Summit will be held in Visakhapatnam on 12th and 13th of the next month. Mr Goyal said that the growth represents nearly 16 per cent growth in a year, especially at a time when the global economy remains vulnerable to shocks and global growth is expected to fall below 3 per cent. He said that the Reserve Bank of India had once again raised its growth projections for the current year. He also expressed confidence that India would continue to grow at over 7 per cent and remain the fastest-growing large economy. He added, India has continued to remain the world’s fastest-growing large economy. Mr Goyal said that India's economy, currently around four trillion dollars, has the potential to grow to 30 trillion dollars by 2047. He said the government is continuously working on ease of doing business measures, good governance and dialogue between industry and government to meet the aspirations and needs of industry and the exacting global standards that India is now willing to adopt and engage with.
He said that the event would provide an opportunity to look at the India story through the lens of growth, opportunity and partnership. The Minister urged CII to establish FTA utilisation desks across every State Council to help MSMEs effectively use Free Trade Agreements, understand new market access opportunities and showcase their products, technologies and offerings to global markets. Mr Goyal also highlighted the significance of the Summit as an occasion to celebrate India’s achievements, present India’s growth story to the world and build bridges with countries and delegations from around the world. He further said, Google’s first AI hub is coming up in Visakhapatnam.
This is a news report by Akashvani News (All India Radio), reproduced as issued.