India’s Exports on all-time high in 2022-23: Commerce Minister Piyush Goyal
Commerce and industry minister Piyush Goyal has said that India’s exports have hit an all-time high mark of USD 773 billion in 2022-23. While addressing FIEO’s Niryat Shree and Niryat Bandhu Awards function in New Delhi on 3rd May 2023, the minister further said that exporters must reflect their capabilities to enhance shipments. “The times ahead are going to be very, very tough. The situation is only deteriorating from what we saw as happened today in the Ukraine-Russia war, It’s going to be very, very challenging in the months and years ahead of us. But tough times is the time when people with mettle show their capabilities,” said the Union Minister.
The minister also said despite global economic uncertainties, Indian exporters have shown resilience outcomes and exports of goods and services reached the USD 773 billion mark. He was also confident that exports would reach USD 2 trillion by 2030. “Let us all work together to ensure that we will show the pathway to the rest of the world and towards that trading beyond boundaries, trading to newer markets, and trading in newer products produced in India for the world. Serving from India to the world economies, to developed economies, exploring new markets, and new opportunities, diversifying our export basket, encouraging collaborations and investment both into the country and internationally, and becoming globally more competitive. These will be the drivers of our export and future international engagements. We have to ensure that the world recognizes brand India for quality and reliability,” said the Commerce minister.
During the FIEO event, Union Minister Piyush Goyal presented the deserving exporters and service providers with the 17th Set of Niryat Shree and Niryat Bandhu Awards in recognition of their exceptional export performance and incremental export growth. Dr. A. Sakthivel, President of FIEO, also praised the award recipients in his welcome speech for their outstanding efforts during the challenging time in global trade. He said the country is proud of their sheer dint of their hard work amid meticulous planning.
Dr. Sakthivel thanked the Minister for his support and noted that the exports sector had experienced an impressive growth of over 55% in just two years, bringing total exports to USD 770 billion in 2022–23 and adding US$ 218 billion in the previous two fiscal years, which is equivalent to 17.44 lakh crores.
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