India's exports likely to grow 6% this year: Piyush Goyal
India’s export sector is expected to register a 6% growth this year, according to Union Commerce and Industry Minister Piyush Goyal. He highlighted that despite global trade challenges, Indian exporters have shown resilience by diversifying markets and strengthening supply chains. The government has been working on trade agreements, logistics upgrades, and policy reforms to make Indian products more competitive in international markets. Sectors such as engineering goods, electronics, chemicals, and pharmaceuticals are likely to drive growth, while agriculture and textiles will continue to support overall export expansion. Goyal stressed the importance of enhancing product quality and adopting sustainable practices to meet evolving global standards. He also noted India’s growing role in global trade partnerships and its efforts to reduce dependency on a few markets. The minister expressed confidence that with policy support and industry innovation, India can sustain momentum and achieve long-term export growth.
The Key points
- India’s exports projected to rise 6% in 2025.
- Piyush Goyal emphasizes resilience amid global trade uncertainties.
- Diversification of export markets boosts competitiveness.
- Trade agreements to expand India’s global reach.
- Infrastructure and logistics reforms aiding exporters.
- Engineering goods and electronics expected to lead growth.
- Pharmaceuticals and chemicals remain key export drivers.
- Agriculture and textiles provide stable export support.
- Focus on sustainability and product quality enhancement.
- India strengthening role in international trade networks.
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (www.thehindu.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
