The Commerce Ministry in India has called upon the Export Promotion Councils to establish export targets for the current fiscal year and develop a comprehensive roadmap to achieve those targets. This move is aimed at boosting the country's economic growth and generating more job opportunities.
Record-Breaking Exports in the Previous Fiscal Year
India's goods and services exports reached an all-time high of USD 770 billion in the previous fiscal year. However, exporters are facing numerous challenges due to the ongoing pandemic and disruptions in the global supply chain. As such, the government is urging the Export Promotion Councils to develop a plan that considers the current situation and helps exporters reach their goals.
Discussions on Outbound Shipments
During a meeting chaired by Commerce and Industry Minister Piyush Goyal on April 24, issues related to the country's outbound shipments were discussed. The meeting discussed the challenges that exporters are currently facing and how they can be addressed. The development of a comprehensive roadmap with defined targets is expected to help exporters align their strategies and efforts towards meeting their objectives.
Boosting Economic Growth and Generating Job Opportunities
The government's push to promote exports is expected to boost the country's economic growth and generate more job opportunities. With the development of a comprehensive roadmap, exporters can overcome the challenges posed by the ongoing pandemic and disruptions in the global supply chain.