India on track to achieve $1 trillion exports this year: Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal has expressed confidence that India is on track to achieve its export target of one trillion dollars this year. Mr. Goyal said India had already achieved exports worth approximately 480 billion dollars in the first six months of the financial year, accounting for 48 per cent of the annual target. He said exports generally gain momentum in the second half of the year and expressed confidence in India?s overall export performance.

Highlighting the contribution of the engineering sector, the Minister said exports from the sector had registered a growth of around 22 percent. He said the October export figures would be released by the Commerce Secretary on the 15th of this month and expressed optimism about the numbers. The Minister also emphasized that India should emerge as a global hub for technology development and design, with talent-driven solutions being developed within the country. He further said India should soon aim to achieve domestic sales of 10 million passenger vehicles, with exports being additional to domestic sales.

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