“We are on track to hit $400 billion in the current fiscal year. So far, in the first nine months, the country’s exports have amounted to $301.38 billion,” he said. -he declares.
Chandra said India is targeting $1 trillion in exports by 2027.
“The fear that COVID-19 will lead to a sharp decline in foreign trade has proven negative. However, the pandemic has taught us to reinvent global trade,” he said.
The pivot of international trade has shifted from Europe and the United States to Southeast Asia,
He also said that the world is moving from multilateral to bilateral trade agreements, and India is currently in the process of concluding six FTAs.
Chandra said that in the future, artificial intelligence and other forms of technology will become important in trade-related issues.
A separate portal for MSMEs will soon be launched, he added.
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