Union Minister of Commerce and Industry Piyush Goyal on Tuesday said India is set to achieve an all-time high export figure of nearly $863 billion this year, while referring to country’s export performance.
Addressing the Confederation of Indian Industry (CII) Annual Summit in New Delhi, Goyal said India remained the fastest-growing large economy and highlighted that the country had nearly 11 months of import cover in foreign exchange reserves.
He highlighted that India’s trade deficit in goods and services together was much lower than the country’s annual remittances, reflecting strong economic performance.
