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Minister of Commerce and Industry Piyush Goyal assures support to Services Exporters

Minister of Commerce and Industry Piyush Goyal assures support to Services Exporters ANI | Updated: Apr 23, 2021 17:45 IST New Delhi [India], April 23 (ANI/PNN): The Hon ble Commerce and Industry Minister, Piyush Goyal held an export performance review meeting on April 20, and applauded the Export Promotion Councils for their respective sectors export performance. Maneck Davar, Chairman, Services Export Promotion Council (SEPC), the only export promotion Council mandated to promote Services exports from India, highlighted the contribution of the services sector and the trade surplus in services despite the challenging times and negative growth (April 20 - Feb 2021) as per RBI data. The services sector reeling under the massive disruptions caused by the COVID pandemic since last 2020 was hoping to show its resilience to bounce back strongly is now finding the clock turning back due to the recent surge of a far more aggressive covid wave.

Hon ble Minister of Commerce and Industry, Shri Piyush

Hon ble Minister of Commerce and Industry, Shri Piyush
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Minister of Commerce and Industry Piyush Goyal assures support to Services Exporters

Minister of Commerce and Industry Piyush Goyal assures support to Services Exporters
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piyush goyal: Goyal calls upon exporters to reach $400 bn merchandise exports this fiscal

Synopsis In 2020-21, the country s exports declined by 7 per cent to about $290 billion despite disruptions, uncertainty, lockdowns, supply chain difficulties, labour issues, and order cancellations in the Covid year. In the first two weeks of this month also, the performance has been very good, said Piyush Goyal. NEW DELHI: Commerce and Industry Minister Piyush Goyal on Tuesday called upon the exporters community to strive to attain ambitious growth of more than 25 per cent to reach $400 billion merchandise exports in the current year. While interacting with various Export Promotion Councils (EPCs), Goyal said that several sectors have large export potential, which needs to be identified and harnessed.

US currency list move an intrusion in RBI policy space: Commerce secretary

“I personally don’t understand its rationale or economic logic,” he said. “It is the mandate of the central bank to provide stability in the currency, as a result of which central banks buy and sell foreign currency. Our overall reserves have been fairly steady at $500-600 billion. We are not accumulating reserves. We have a steady pattern of reserves that fluctuates, based on market based transactions. The central bank’s activity in the foreign exchange market has been perfectly balanced and completely legitimate and within the accepted monetary policy mandate of the central banks across the world,” Wadhawan told reporters at a virtual briefing.

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