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India's merchandise export set to touch all-time high of $400 billion in current financial year: Goyal

15 Dec 2021 Evaluate

Amid sharp uptick in shipments, Commerce and Industry Minister Piyush Goyal has expressed optimism that India's merchandise export is set to touch an all-time high of $400 billion during the current financial year.

Commerce and Industry Minister further said that India's imports too are growing and thus providing opportunities to other countries to expand business and international trade with India. He said ‘India on its part is showing sharp economic recovery and various indicators are pointing to a bounce back in our work in our industry, manufacturing sector, agriculture, technology and also shaping up of preparing a platform for a decade of huge growth.’

Besides, Goyal said that India tried its best to meet all international commitments and supported countries through supply of vaccines, medical supplies, and masks, among others. Goyal stressed that India is ready to support every friendly country with vaccines, or medical supplies. He also invited investments from other countries to India.