Foreign Trade Critical For Indian Economy To Reach $30 Tn: Goyal
The foreign trade is going to help India to achieve the ambitious target of USD 30 trillion economy set by Prime Minister Narendra Modi, said Union Commerce Minister Piyush Goyal on Saturday.
While addressing students of the Indian Institute of Foreign Trade in Hyderabad, Goyal said that in the last 30 years Indian economy has grown 11.8 times in American dollars (USD).
Goyal appreciated the contribution of union budgets in a post-pandemic era that has brought the Indian economy to a very strong fiscal position and has made it structurally strong.
‘‘The world is recognising India as the growing economy and looking forward to investing here because of the political stability and decisive leadership, they can see central and state governments are working together in the spirit of competition and collaboration’’ Goyal added.
He called the young generation the main stakeholder in this journey which will play a vital role in making India a developed country.
Goyal referred to the foundation of the Indian Institute of Foreign Trade (IIFT) Kakinada as a landmark in India's journey to development as it will require human talent that will be provided by such institutions.
The minister also urged the audience to purchase locally produced goods to support the local weavers and artisans.
He appealed to the young students to work collectively to make India a global superpower (Vishwaguru) again.
