Exports: India optimistic about outgo worth $ 2 trillion by 2030, says Piyush Goyal
New Delhi: As the Indian economy grows by leaps and bounds, the country is targeting to export goods and services worth USD 2 trillion by 2030.
Raising this optimism on Saturday, Union Commerce and Industry Minister Piyush Goyal said the country will meet its ambitious export target by 2030, notwithstanding geopolitical headwinds and inflationary concerns.
His remarks came at the inauguration of the Patsan Bhawan, which houses the Jute Commissioner’s office and headquarters of the Jute Corporation of India and the National Jute Board, Kolkata.
Goyal cited the Ukraine war, the Israel conflict, and issues related to the Red Sea as factors impacting international trade, the media reported.
“To address low food grain production and curb domestic inflation, we have implemented some restrictions. However, despite these challenges, India’s exports will continue to grow, aiming at reaching USD 2 trillion by 2030 from the current USD 770-775 billion,” Goyal said.
He highlighted the potential of the jute industry, stating that with contributions from the jute sector and concerted efforts from the Centre and state governments, new targets could be achieved.
India currently exports jute worth around Rs 1,500 crores.
Goyal, who also holds the portfolios of Textiles and Consumer Affairs, Food and Public Distribution, urged industry players to increase exports.
He also asked the jute sector to showcase products at the upcoming Bharat Tex 2024, the world’s biggest-ever textiles event, to be organized from February 26 to 29 in New Delhi.
(VP)
