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India's Export may Rise to $1T by 2030

Published on May 25, 2022
Current Context: According to Commerce Ministry Piyush Goyal informed that India can achieve a target of $1 trillion worth of merchandise and service export.
India's Export may Rise to $1T by 2030
  • India has already touched the record of $421.8 billion in exports during FY March 2022.
  • The government is also looking to boost value-added exports so that new job opportunities can be created instead of raw materials going out of India.
  • Logistics plays a very important role in every sector to boost its productivity and growth and it is also a very serious concern where government needs to work out In.
  • Governments have introduced many initiatives like PM Gati Shakti Yojana, Bharatmala Pariyojana, Multimodal connectivity projects, etc.
  • Since India has a huge pool of young talent. They have also requested foreign companies to invest in India and grow with India.
  • India is not only one of the world's most preferred investment destinations but also it provides a massive scope and range of opportunities.

Question:

Q.1 According to new estimates by which year India will achieve a target of $1 trillion worth of merchandise and service export?
a. 2025
b. 2030
c. 2035
d. 2024
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