Business

India aspires to take int’l trade to $2t by 2030: Piyush


Published : 07 Sep 2022 08:14 PM

With India's exports of goods and services having crossed USD 675 billion in the last fiscal, the nation was now aspiring to take international trade to USD 2 trillion by 2030, Union Minister of Commerce and Industry Piyush Goyal has said.

By the time India celebrates the 100th anniversary of its independence, it would be a USD 30 trillion economy, Goyal said while interacting with the faculty and students of the Stanford Graduate School of Business in San Francisco, USA on Wednesday.

"That is the kind of opportunity that India presents to the world. This is not just India’s decade, it is India’s century," he added.

The last few years have been well spent by India in creating the foundation in which the country can rapidly transform, grow its economy, improve its systems, engage with technology and learn from the best in the world, the minister pointed out.

Speaking of India’s Fintech success, Goyal said that nearly 40 percent of all digital transactions were happening out of India today, with even small vendors accepting digital payments.

Highlighting the incredible opportunities offered by India to the world, Goyal invited the students of Stanford to engage with India and work with a billion plus people with great aspirations.

The Union Minister of Commerce and Industry is on a six-day visit to the US for various programmes including the India-US Strategic Partnership Forum conference and Indo-Pacific Economic Framework (IPEF) ministerial meeting.