India on track to cross $1 trillion exports this financial year, says Piyush Goyal
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- ✓Commerce Minister Piyush Goyal said India is on track to cross $1 trillion in exports this financial year.
- ✓He discussed trade deals with the US, UK, and Canada.
- ✓Goyal also noted that 2,117 global capability centres in India generate $100 billion in foreign exchange while creating many new local jobs.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Commerce Minister Piyush Goyal stated India is on track to cross $1 trillion in exports this financial year. He also discussed ongoing trade deal negotiations with the US, UK, Canada, and other international partners.
India is on track to cross $1 trillion in exports in the current financial year, Commerce and Industry Minister Piyush Goyal has said. He added that industry would welcome the export figures for the first six months.
On the India-US trade deal, Goyal said the two countries had announced a framework for an interim trade agreement in February, but the pact would be finalised taking into account the changed circumstances. Addressing members of industry chamber PHDCCI on Saturday, he said the final agreement would reflect these developments. He did not elaborate on the changes, though the evolving US tariff landscape has led to further negotiations on the first phase of the bilateral trade agreement (BTA). India is seeking lower tariffs for its goods in the US market than those faced by competing countries.
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