All indicators pointing towards sharp economic recovery: Piyush Goyal

All indicators, including GDP, foreign direct investment (FDI) inflows and exports growth, are pointing towards a clear and sharp economic recovery in the country, Commerce and Industry Minister Piyush Goyal said. 

New Delhi: All indicators, including GDP, foreign direct investment (FDI) inflows and exports growth, are pointing towards a clear and sharp economic recovery in the country, Commerce and Industry Minister Piyush Goyal said on Thursday.

He said forex reserves have constantly grown from USD 433 billion in September 2019 to USD 638 billion in September this year, while FDI inflows in the first four months of the current fiscal rose by 62 per cent, which is higher than the corresponding figure last year.

"We are encouraged by all the economic indicators as they come out, which point to a very clear and sharp economic recovery. The GDP has grown by a record 20.1 per cent in the first quarter," he said at the India Energy Forum by CERAWeek here.