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India sees economic revival amid Covid-19: Piyush Goyal

Jul 28, 2021
India sees economic revival amid Covid-19: Piyush Goyal

New Delhi

According 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".

Image Source: Google Images


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