India’s merchandise exports expected to exceed $410 billion in FY22: Piyush Goyal

Union Trade and Industry Minister Piyush Goyal said Friday, March 11 that India’s merchandise exports have reached $380 billion so far this fiscal year and are expected to top $410 billion. billion in fiscal year 2021-22.

“As of March 7, 2022, our exports were over $380 billion and are well positioned to break through $400 billion and likely end the year at $410 billion worth of goods. We will have record exports services up $240 billion,” Goyal said at a dinner party. organized in honor of his Canadian counterpart Mary Ng.

Goyal also said that India and Canada have agreed to officially relaunch negotiations for a free trade agreement, officially dubbed the Comprehensive Economic Partnership Agreement (CEPA).

Speaking about India-Canada relations, he said that this economic partnership will enhance efforts to take economic ties to the next level, reports Economic period.

“It will help to create jobs, help each other in times of need and work together in several international forums… We have over 7,00,000 people of Indian origin in Canada today, who are expected to grow to 1 .4 million in the next few years…” Goyal said.

Goyal also urged the Canadian minister to be “a little more liberal” when negotiating the trade deal and sought investment from Canada in areas such as infrastructure and manufacturing.