Staff Reporter
Union Minister of Commerce and Industry Piyush Goyal today said that India is poised to achieve a services export target of one trillion dollars by 2030. He was addressing the Global Services Conclave-2021 in New Delhi. The Minister said that in 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.
Emphasizing that India had the potential to become the top services exporter in the world, Mr. Goyal said that the services sector is boosting India’s transition from an Assembly economy to a Knowledge-based economy.
Mr. Goyal said that today India’s services export largely comprises of IT and IT-enabled services. He stressed that we need to focus on other potential growth sectors. The Minister also highlighted the need for assisting states in formulating a comprehensive export strategy with districts as Export Hubs.