Commerce and Industry Minister Piyush Goyal stated that the Indian economy remains strong despite the ongoing crisis in the Middle East. Responding to supplementary questions during Question Hour in the Lok Sabha today, Mr. Goyal added that there is growing enthusiasm worldwide to strengthen trade relations with India.
He stated that trade deals have been signed with 38 countries over the past three years, providing opportunities for Indian exporters.
The Minister emphasized that when all these free trade agreements come into effect, they will create immense opportunities for Indian exporters. He said that India's goods exports remained flat until last February, but did not decline. Mr. Goyal stated that there was some decline in exports during the first week of March, but it turned positive in the second week.
He expressed confidence that by the end of March, India will be able to maintain its export levels. He said that a new chapter is about to begin for India in international trade.
