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piyush goyal: India's strength exports under stress as world moves to recession: Piyush Goyal

Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are Indias strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm. ....

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piyush goyal: India's strength exports under stress as world moves to recession: Piyush Goyal

Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are Indias strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm. ....

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MSME sector emerges as growth engine of economy, says RBI Governor

MSME sector emerges as growth engine of economy, says RBI Governor
ANI |
Updated: Feb 25, 2021 12:56 IST
New Delhi [India], February 25 (ANI): The Micro, Small and Medium Enterprises (MSME) sector has emerged as the growth engine of the economy and is showing signs of revival after the Covid-led degrowth in early part of the current financial year (2020-21), Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.
“MSME has emerged as the growth engine of the economy with a vast network of about 6.33 crore enterprises contributing 30 per cent of our nominal Gross Domestic Product (GDP) and 48 per cent to exports,” he said while addressing an event on the occasion of 185th Foundation Day Celebration of Bombay Chamber of Commerce and Industry. ....

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