Commerce and Industry Minister Piyush Goyal said that India's merchandise export is set to touch an all-time high of USD 400 billion during the current financial year, driven by sharp improvements in shipments.
"Our exports have consistently crossed $30 billion for the last eight months. We are now at about $262 billion of exports versus $290 billion in the 12 months of last year. So, by the ninth month, we would have crossed last year's exports, and we hope to do a record export of $400 billion," Goyal said.
Speaking at the CII Partnership Summit 2021, he said India's imports too are growing and thus providing opportunities to other countries to expand business and international trade with India.
He also invited investments from other countries to India. "India is shaping up for a decade of growth. I would like to invite the world to work with India in a spirit of partnership," he said.
Goyal also suggested to focus on six areas including trade agreements, investments, and promoting ease of doing business to build a sustainable, inclusive and resilient ecosystem to further promote partnership with other countries.
