The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal has said that the country is set to achieve services export target of $1 trillion by the year 2030, as it is a key factor in pushing the economic growth.
Goyal said that services is boosting India’s transition from an assembly economy to a knowledge-based economy, further adding that the country has the potential to become the top services exporter in the world.
Appreciating the country's commitment towards enabling “work from home” during the beginning of the Coronavirus pandemic, he said that the services sector displayed a lot of resilience, especially keeping in mind the fact that it had remained depressed in other countries.
The union minister also highlighted the central government's initiatives Aatmanirbhar Bharat Package, collateral-free Automatic Loans for Businesses and MSMEs and initiatives in Skill development and said, " ₹56,027 crore was released under various Export Promotion schemes."
The minister said, “The services sector is one of the key drivers of India’s economic growth. The sector provides employment to nearly 2.6 crore people and contributes approximately 40 percent to India’s total global exports.”
Emphasizing that India had the potential to become the top services exporter in the world, Goyal said that Services is boosting India’s transition from an assembly economy to a knowledge-based economy.
