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India's Exports Reached All-time High In 2022-23: Piyush Goyal

According to Piyush Goyal, despite global economic uncertainty, Indian exporters demonstrated resilience, with goods and services exports reaching USD 773 billion

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The times ahead will be difficult-hard and exporters must demonstrate their competence under such circumstances in order to grow shipments, according to Commerce and Industry Minister Piyush Goyal.

In his speech at the FIEO's Niryat Shree and Niryat Bandhu Awards ceremony in New Delhi, Goyal said that India's exports reached an all-time high of USD 773 billion in 2022-23.

“The times ahead will be challenging. The situation is deteriorating from what we saw today in the Ukraine-Russia war and the months and years ahead will be challenging. However, it is during difficult times that people with mettle demonstrate their abilities,” he said.

According to the minister, despite global economic uncertainty, Indian exporters have shown resilience, with goods and services exports reaching USD 773 billion.

Goyal said, “Let us all work together to ensure that we don't get left behind. Let us all work together to ensure that we will show the pathway to the rest of the world and towards that trading beyond boundaries, trading to newer markets and trading in newer products produced in India for the world. Serving from India to the world economies, to developed economies, exploring new markets, and new opportunities, diversifying our export basket, encouraging collaborations and investment both into the country and internationally and becoming globally more competitive. These will be the drivers of our export and future international engagements. We have to ensure that the world recognises brand India for quality and reliability.”

He also showed optimism that exports would surpass USD 2 trillion by 2030.

Goyal presented the 17th Set of Niryat Shree and Niryat Bandhu Awards to exceptional exporters and service providers for their outstanding export performance and incremental development in exports.

In his welcome statement, FIEO President Dr A Sakthivel thanked the honorees for their outstanding contributions amid a tumultuous moment in world commerce.

He said that they have made the country proud via their hard work and precise planning.

Sakthivel thanked the Minister and said that the exports sector had grown by more than 55 per cent in two years, bringing total exports to USD 770 billion in 2022-23 and adding USD 218 billion in the previous two fiscal years, equivalent to 17 lakh 44 thousand crores.

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