The statement is premised on the importance behind statements by the UK’s Secretary of International Trade, Kemi Badenoch, who stated that an increase in student visas to India would not be part of the proposed trade deal and would be sensitive to India. It’s a problem.
“We must not allow sensitive issues to undermine our discussions,” Goyal told media sources as a bystander at the opening of the Business 20 (B20) conference on Tuesday. rice field.
Talking about negotiations with Canada, Goyal said, “This is called an early progress trade deal and we hope to get results that are easy to achieve so that companies can enjoy the results sooner.”
He said that once people start seeing benefits, others will want to get involved.
export slowdown
Goyal said he is in weekly contact with the Export Promotion Board, monitoring the export sector, which is facing headwinds from recession in some advanced economies. India’s merchandise exports shrunk by 12.2% year-on-year to $34.48 billion in December 2022. However, the minister expressed confidence that exports remain strong and said services exports this year are expected to exceed his $300 billion target.
“It’s a tough time, but I’m sure we can keep it up, if not better than last year,” Goyal said.
India’s total exports will reach $669.65 billion in 2021-2022.
He said there have been some ups and downs in individual months amid huge inflationary pressures, overstocks of various commodities and high inflation.
“With all these stresses with all world leaders talking about very difficult times, Indian exports are still up 9% from last year through December. Obviously we can’t sustain that kind of momentum, but we’re on top of that,” he said.
India’s services exports are on the rise, he said. “In terms of services, we’ll probably grow at least 20%. On current trends, he’ll exceed his $300 billion target this year,” he said.
“Given the global headwinds and the stresses reported from almost every part of the world, this is going to be a very gratifying year,” Goyal said. Regarding large imports, he said some commodities, such as petroleum and lithium ions, are essential imports and cannot be disposed of immediately.
Reporter is in Gandhinagar at CII invitation
