India to cross $800 billion in exports this year with major share of Services, Says Piyush Goyal

India is set to cross $800 billion in exports this year, with the services sector dominating the growth, Union Minister of Commerce and Industry, Piyush Goyal, has reiterated.

Speaking on the changing world order, the minister highlighted the government's strong commitment to supporting Indian exporters—both goods and services—by working day and night to protect their interests and strengthen the country's trade opportunities.

Addressing members of Export Promotion Councils (EPCs) and industry associations, Goyal appreciated the exporters for their resilience and hopefulness, appreciating their capability to convert the current global challenges into opportunities.

Assuring the industry regarding trade relations with the United States, he asked the EPCs to leverage their strengths and actively convey their needs and priorities to the government in order to improve interaction with the US market.

Speaking on the subject of current bilateral trade talks, Goyal pointed out that several agreements are moving together in parallel, each aimed at getting the best for Indian exporters.

He further disclosed that a few free trade agreements (FTAs) were at the advanced stage, expressing optimism that the agreements would create new opportunities for Indian industry and attract more investment.

The minister was positive that ongoing consultative processes with stakeholders, EPCs, and industry associations will result in strategic alliances that increase India's presence in world trade.

Talking about the topic of mutual tariffs, he requested EPCs to look beyond protectionist philosophies, asking them to use a bold and assertive mind when dealing with the international marketplace.

Goyal emphasized once again that the vision of Viksit Bharat Mission—to convert India into a prosperous country—can be met only when collective commitment of industry is matched to the desires of Indian consumers by providing them quality goods and services at competitive costs.