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Economic recovery is on anvil: Piyush Goyal

29 May 2020 Evaluate
Amid COVID-19 Pandemic, Minister of Commerce and Industry Piyush Goyal has said that several indicators show that the economic recovery is on the anvil. He said the power consumption this month is almost at par with the corresponding period last year, Oxygen production has come up.

The minister also noted that the Exports, which went down in April by almost 60%, have started showing upward trend, and the preliminary figures indicate decline this month will be smaller. The Services exports, on the other hand, went up even the last month. He indicated that more than the fall in merchandise exports, the imports showed sharper decline last month, lowering the trade deficit.

The Minister said that during the last two months, the government has taken measures to ameliorate the hardships of the traders and Indian manufacturers, and in future also, will support them. He called upon the traders to use, promote and support the Indian goods. The Minister exhorted them to work with confidence, boldness and determination, and the success will be there to achieve.

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