India To Become $30 Trillion Economy Very Soon: Minister Piyush Goyal

Piyush Goyal said the domestic textile industry has huge potential to generate jobs in coming years and the Centre is working actively with various countries to finalise free trade agreement

Union Minister Piyush Goyal on Saturday said India wants to capture the world market in all sectors and the country would "very soon" become a USD 30 trillion economy from the level of USD 3 trillion at present.

The minister for textiles and commerce and industry said the domestic textile industry has huge potential to generate jobs in coming years and the Centre is working actively with various countries to finalise free trade agreement which will give zero-duty access to India's textile sector in the world market, according to an official statement.

Addressing an event in Coimbatore, Mr Goyal emphasised that the Centre is promoting both cotton and man-made textile sector so that it gets larger share of world market thereby increasing jobs opportunities as well as investment, the statement said.

"In all sectors, we want to become a global industry. We want to capture the world market" he said, adding on that under the guidance of the Prime Minister, the Centre is working actively with different countries to finalise free trade agreement which will give zero duty access to textile sector in world market. It's because of the good relations of PM with world leaders, India is getting global respect today." While inaugurating SIMA Texfair 2022 at Coimbatore Goyal emphasised that the Centre is promoting both cotton and man-made textile sector so that it gets larger share of world market thereby increasing jobs opportunities as well as investment.