India Ready To Trade In Rupee With Countries Facing Currency Crises
NDTV
Speaking after the unveiling of Foreign Trade Policy (FTP) 2023, Commerce Secretary Sunil Barthwal said the government is focusing on strengthening the rupee payment system.
Commerce Secretary Sunil Barthwal today said India is ready to trade in Indian rupee with countries which are facing currency failure or have dollar shortage.
Speaking after the unveiling of Foreign Trade Policy (FTP) 2023 which seeks to increase India's exports to $2 trillion by 2030, the secretary also said the government is focusing on strengthening the rupee payment system.
Changes have been made in the FTP to allow international trade settlement in Indian rupee with a view to making INR a global currency.
Addressing the gathering, Commerce and Industry Minister Piyush Goyal exuded confidence that the export target of $2 trillion by 2030 will be met.
