Clear Indications Of Economic Revival In India Despite Covid Disruptions: Union Minister

Exports from India are going up and foreign direct investment (FDI) inflows are at their highest, Piyush Goyal said.

Despite COVID-19 disruptions, there are clear indications of economic revival in India, Union Minister Piyush Goyal said Saturday. Addressing the Plenary Session of CII: Horasis India Meeting 2021 on India's Emerging Industry and Trade Architecture", Piyush Goyal said that exports from India are going up and foreign direct investment (FDI) inflows are at their highest. "Indian industry is indeed on a growth path. The highest ever merchandise have been logged for exports in a quarter (Q1 2021-22, $95 billion) in the history of India (more than 18 pre cent from Q1 of 2019-20). In July (till the third week), exports were at $22.48 billion, at an increase of 45.13 per cent with respect to the same period in 20-21, and more than 25.42 per cent with respect to 2019-20," the Minister said. He further added that labour intensive and employment generating sector of Engineering goods has also registered a growth of 33.70 per cent in the third week of July with respect to 20-21.