
Summary:
Mr. Piyush Goyal, Union Minister of Commerce and Industry, emphasized the significance of a collaborative effort to meet India's $2 trillion export target by 2030. Speaking at the IIFT convocation, he expressed hope that exports will surpass $800 billion this year. He stressed that achieving this ambitious goal will require intentional decisions and committed action, saying, "It will happen by choice, not by chance.”
In FY23, India's exports of goods and services totaled $778 billion. Mr. Goyal urged students and faculty to investigate non-tariff barriers to Indian products in global markets. The government also announced IIFT's new Dubai campus and a facility for Free Trade Agreement (FTA) discussions. Mr. Rakesh Mohan Joshi, IIFT Vice Chancellor, stated that IIFT's NIRF ranking had improved by 12 places, reaching 15th in the management category, attracting major corporations for recruitment.
Source: IBEF
Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.