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Voice of the Commonwealth - The Global Influencer

Voice of the Commonwealth - The Global Influencer

India targets USD 400 billion of exports for 2021-2022

New Delhi, India (CU)_ Highlighting the importance of boosting the three Ts: Trade, Tourism, and Technology, the Foreign Secretary Harsh Vardhan Shringla stated on Wednesday that India is on a mission to reach an ambitious goal of USD 400 billion of exports for 2021-22. The Foreign Secretary made these remarks during the Indian Chamber of Commerce’s Annual Session conducted in Kolkata, which was themed ‘Bharat@75: Empowering India: Today for Tomorrow’.

Mentioning his recent meeting with the PM and Heads of Indian Missions abroad, and players in trade and industry, Shringla added that Prime Minister Narendra Modi issued precise guidelines on how work may be done to accelerate the promotion of the three Ts: Trade, Tourism, and Technology. Indicating the crucial position of India in international events, the foreign secretary stated that the post-pandemic economy will alter drastically from the current one.

asnewindianexpress.com

Shringla discussed the country’s annual target for exports. He said, “An ambitious target of USD 400 billion of exports has been set up for the year 2021-22. The business of Indian diplomacy is, thus, business. We at the Ministry of External Affairs stand ready to help Indian businesses in any way we can”. While delivering his speech, Shringla underlined that the Indian economy has reverted to a high-development path, with the country’s GDP increasing by more than 20% in the first quarter of 2021-2022.

Highlighting the recovery of India’s economic development trajectory amid hard circumstances, the foreign secretary expressed hopes for a huge growth in the future. He stated, “That India would have a role in world affairs little more than an aspiration at the time this Chamber was founded. India was still a subject nation and independence, a distant dream. Independence, the trauma of Partition, and the struggles of emerging nationhood were in the future.”

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