The move could help Asia’s third-largest economy, still recovering from a COVID-19-induced slowdown, increase employment.
“Currently, exports account for 20% of GDP. Given our size, potential, and manufacturing and service industry base, our economy has a lot of room to grow “He said.
‘Local Goes Global – Make in India for the World’, he said via videoconference. In the post-pandemic world, Indian exporters should seize new opportunities created by global supply chain changes, he said.
India aims to increase merchandise exports to $400 billion by March 31 and has already achieved nearly a third of this goal.
Aiming to boost exports, PM Modi urged Indian embassies to help open new markets for Indian goods.
India needs a “seamless and high-quality supply chain” and low-cost logistics to increase its export share in global trade.
“Now is the time to establish a new quality and reliability identity. We must ensure that there is a natural demand for Indian high-value-added products worldwide “he said . He said India needs a 25-year plan.
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