India to sustain previous export growth rate: Goyal
image for illustrative purpose
We grew by 55% over a period of 2 years, both in goods and in services. It went up to $776 bn in only 2 years. And with growth on both goods and services, we could clearly see that this year is going to be one where we will have to consolidate the gains -- Piyush Goyal, Commerce and Industry minister
New Delhi: Commerce and Industry Minister Piyush Goyal has exuded confidence that during this fiscal, the country’s goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade.
He also said that the government measures such production-linked incentives schemes and focus on high-quality goods and services would help in containing the country’s trade deficit. So our trade deficit will be significantly lower than last year.
“I am happy to share with you that we close the current year in March at the same level as last year. We have a little bit of an adjustment between goods and services, but collectively we will be at the same level as last year,” Goyal told PTI in an interview.
