Share of exports in GDP should rise to at least 20%: Piyush Goyal

Goyal also holds the portfolios of consumer affairs, food and public distribution and textiles.

Delivering the keynote address virtually at the annual session of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on ‘The great Reset: Reinforcing India’s Global Positioning’, he said he is hopeful of India’s exports touching $410 billion in this fiscal.

“I am delighted that we are at $374 billion until February 2022, i.e. 11 months of this (financial) year. So I do believe that irrespective of problems that we have in the northern parts of Asia-Europe, we are well on track not only to achieve 400 [$400 billion], I am hoping closer to 410 [$410 billion],” he said.

Goyal called for the reorienting of economic laws to suit the changing needs of time, according to an official release from his ministry.

He urged the industry to explore various free trade agreement provisions and use them to their full potential, take active part in existing negotiations, and focus on the development of aspirational districts and tier2 and tier 3 cities, some  of which can be future export hubs.

Fibre2Fashion News Desk (DS)