The overall service and merchandise exports value have surpassed 750 billion USD in recent times, with a goal to emerge as a developed nation during the Bharat@100.                         

Overall Indian exports, including service and merchandise exports, have crossed the 750 billion USD milestone recently. As per the reports of the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal added that this epitome achievement is a treat on account of the 75^th independence celebration–Azadi ka Amrit Mahotsav. He also highlighted the rise of exports from mere 500 billion USD, tackling challenging scenarios.

Mr. Goyal, in his keynote address at the Associated Chambers of Commerce and Industry of India (ASSOCHAM), underlined India’s unprecedented growth in both the merchandise and service sectors. Recession and inflation risks are pertaining globally on an increase in almost every developed nation, upscaling interest rates relatively. Wherein, India’s role play in the export space has reinstalled the pride of both nations and individuals.

Recalling Indian Prime Minister Narendra Modi’s words, he highlighted the need to let go of the colonial mindset in India and recognize the roots and strengths of the nation. He stated that a regulated following of the five pranas supposed by the PM will likely elevate the country to a more free and independent status in 2047, with the centenary celebration of independence, Bharat@100.

The primary theme of the event is to root for inclusive and sustainable global growth owing to the aspirations of the country’s youth and an emerging young Bharat. India is highly anticipated to outgrow as an economic superpower in the future, meeting potential global challenges, and rising as a critical leader on multiple fronts around the world.

The ASSOCHAM will lead the journey of Bharat@100, measuring economic and social progress and human development indicators in the arena, in addition to ensuring that the basic needs of families are met accordingly. Almost 800 million population in India have switched towards an internet-enabled, interconnected world, cultivating a new aspirational Bharat and the youth of the nation. Hence, with demands for a new Bharat soaring, leaders are working together to meet citizens’ goals for a New Bharat.

Steady growth in the Indian domestic market is radically observed for almost a decade, with an induced focus to build the foundation blocks for an economy, thereby, favoring intimidated and sustainable growth on the horizon. This will be a primary milestone for a developing nation to emerge as a developed country, with a critical focus on creating strong fundamentals, economic framework, and stable regulatory practices in attracting domestic and international capital. Mr. Goyal noted that India is all set to undertake a journey and to bank upon its wide domestic market for extended access globally.