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.
Exports rise for third straight month in February, trade deficit widens to USD 12.6 billion
According to official data released by the Commerce and Industry Minister on Monday, the trade deficit climbed nearly 24 per cent from $10.16 billion reportedin the year-ago period.
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| A+A A- By Express News Service
NEW DELHI: India’s merchandise exports managed to grow for the third straight month in February, rising by a marginal 0.67 per cent to touch $27.93 billion in February. The increase was pulled up by sectors such as pharmaceuticals, coal & minerals, iron ore, chemicals, plastics, carpets and some farm products.
However, a sharper 6.96 per cent rise in imports pushed the trade deficit to $12.62 billion. According to official data released by the Commerce and Industry Minister on Monday, the trade deficit climbed nearly 24 per cent from $10.16 billion reportedin the year-ago period. Imports rose to $40.54 billion.
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Buddhism, Bollywood, Business Can Expand People-To-People Engagement Between India, Singapore: Goyal
The minister also suggested two areas for enhancing cooperation and that includes ways to promote women entrepreneurship.
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Commerce and Industry Minister Piyush Goyal on Thursday said three Bs - Buddhism, Bollywood and Business - can help expand people to people engagement and strengthen economic ties between India and Singapore.
He said education and skill development can be taken up as pillars where both the sides can work together and learn from Singapore s experience. I look at expanding the Singapore-India ties resting on a greater degree of people-to-people engagement and I think that can rest on 3 Bs . The 3 Bs that I think can expand our people to people engagement are - Budhism, Bollywood and Business, he said while addressing India-Singapore CEO Forum .