India’s Export Growth Remains Strong Amid Global Uncertainty, Says Piyush Goyal

India’s Export Growth Remains Strong Amid Global Uncertainty, Says Piyush Goyal

Commerce and Industry Minister Piyush Goyal highlights India’s sustained export growth, strong economic fundamentals, fertilizer cost protection for farmers, nine free trade agreements, and major industrial expansion initiatives including the BHAVYA Scheme and Bharat Industrial Development Scheme with over 33,600 crore rupees allocation.

Commerce and Industry Minister Piyush Goyal stated that India continues to demonstrate strong economic fundamentals and sustained export growth despite ongoing global turbulence. He noted that the momentum of export growth recorded in April has extended into May, reflecting the resilience of the Indian economy in challenging international conditions.

The Minister highlighted that the Government has absorbed the impact of elevated fertilizer prices to shield farmers from rising input costs, ensuring stability and protection for the farming community. He emphasized that India’s progress toward self-reliance and balanced global engagement is reflected in the signing of nine free trade agreements and the Prime Minister’s successful official visits to five countries.

Goyal further announced that the Government is set to introduce a new ease-of-doing-business initiative under the BHAVYA Scheme, through which 100 industrial parks will be established across the country to boost manufacturing capacity and investment opportunities.

He also outlined the Bharat Industrial Development Scheme, with an allocation exceeding 33,600 crore rupees, aimed at developing plug-and-play industrial parks in partnership with state governments. The initiative is designed to strengthen industrial infrastructure and accelerate economic growth across sectors.

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The Minister’s remarks underscore India’s continued focus on export expansion, industrial development, and structural reforms, reinforcing its position as a resilient and fast-growing major economy amid global uncertainty.

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