India is on track to achieve its ambitious target of $2 trillion in exports by 2023, according to Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO).
Speaking at a virtual event organised by the Indian Chamber of Commerce, Sahai said that India’s exports have been growing steadily over the past few years and the country is well on its way to achieving the target.
He noted that India’s exports have grown from $314 billion in 2014-15 to $331 billion in 2019-20, and the country is expected to reach $400 billion in exports by 2021-22.
Sahai said that the government’s focus on improving the ease of doing business, the introduction of the Goods and Services Tax (GST), and the Make in India initiative have all contributed to the growth in exports.
He also highlighted the importance of the government’s focus on the MSME sector, which has been a major contributor to India’s exports.
Sahai said that the government’s focus on the MSME sector has helped to create a conducive environment for the sector to grow and contribute to the country’s exports.
He also noted that the government’s focus on digitalisation has helped to reduce the cost of doing business and has made it easier for exporters to access global markets.
Sahai said that the government’s focus on improving the ease of doing business, the introduction of the GST, and the Make in India initiative have all contributed to the growth in exports.
He also highlighted the importance of the government’s focus on the MSME sector, which has been a major contributor to India’s exports.
Sahai concluded by saying that the government’s focus on improving the ease of doing business, the introduction of the GST, and the Make in India initiative have all contributed to the growth in exports and that the $2 trillion export target is definitely achievable by 2023.