Union Minister Piyush Goyal on Wednesday said that India's exports increased 6% to record $820 billion in FY24-25. Goyal announced this during the discussions with the export promotion councils and industry bodies in New Delhi.
Goyal also appreciated traders for their efforts in spite of multiple headwinds including the red sea crisis, Israel-Hamas conflict spilling over to Gulf region, continuation of Russia-Ukraine conflict and slow growth in some developed economies.
Additionally, the minister assured the exporters that the government will work to provide a conducive environment to enable them to successfully navigate the recent changes in the global trade environment.
He then further said that the team working on BTA is exploring the right mix and the right balance.
Goyal said that there is a potential for increase in manufacturing, creation of additional jobs because it can attract big players in global supply chain as India has been able to establish itself as a trusted and reliable partner and with a predictable business friendly destination.
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