India sees economic revival amid Covid-19: Piyush Goyal
According to Union Minister Piyush Goyal, despite COVID-19 disruptions, there are clear indications of economic revival in India.
to Union Minister Piyush Goyal, despite COVID-19 disruptions, there are clear
indications of economic revival in India.
Addressing the Plenary Session of
CII- Horasis India Meeting 2021 on India’s Emerging Industry and Trade
Architecture, Goyal said that exports from India are going up and foreign
direct investment (FDI) inflows are at their highest. He said that, Indian
industries are on a growth path. The highest ever merchandise have been logged
for exports in a quarter (Q1 2021-22, $ 95 billion) in the history of India
(more than 18% from Q1 of 2019-20). He further added that labour intensive and
employment generating sector of Engineering goods has also registered a growth
of 33.70% in the third week of July with respect to 20-21. India has broken
into the top 10 list of Agriculture produce exporters as per WTO report.
Aatmanirbhar Bharat is the recipe for
rebuilding, revitalising and building resilience in the economy. Speaking about
the progress and opportunities in the Textile sector, the Minister said that
India’s textile sector is one of the largest employers in India and is now
poised to become the largest exporter as well. He said that all stakeholders of
India’s economic progress and participants in the session should look for
emerging short term and long-term growth opportunities. The Minister added that
the Government of India is standing strong with a resolve for “Building a
strong India of Tomorrow”.
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