India to achieve record $760 bn exports in FY23:Piyush Goyal

Union commerce minister Piyush Goyal has said that India’s overall exports, both goods and services combined, have already crossed $750 Billion mark which comes in the 75th year of Independence. He was speaking at  the Assocham annual session on the theme ‘Bharat@100: Paving the way for inclusive and sustainable global growth on Tuesday in New Delhi. Goyal said the Modi government focused on raising India’s competitiveness in the last nine years through Aatmnirbhar Bharat Abhiyaan (Self-reliant India Initiative), Start-up-India, Stand-up India, and Production-linked Incentive (PLI) scheme. The focus of the Modi government has been on building the foundation blocks necessary for an economy to enjoy “uninterrupted and sustainable growth” for several years.

Over $750 Billion exports in 75th year… pic.twitter.com/VYE3tZBRnh

— Piyush Goyal (@PiyushGoyal) March 28, 2023

The performance of India’s global trade has proved the naysayers wrong, he said. According to the minister, India’s exports in 2022-23 could touch $760 billion when data till March 31 is compiled.