India on track to achieve USD 2 trillion exports by 2030: Piyush Goyal
New Delhi, Mar 31: Commerce and Industry Piyush Goyal on Friday exuded confidence that India's merchandise and services exports will cross USD 2 trillion by 2030 from the current level of USD 765 billion, as he unveiled a "dynamic and responsive" foreign trade policy.
He said that goods exports have witnessed good growth considering the current global scenario while services exports may see a quantum jump in the current fiscal.
"We have to meet our exports targets going forward," said the minister, adding that "we will need to work a bit harder" on goods exports.
"It shouldn't be that by 2030, services exports cross USD 1 trillion while you (merchandise exports) lag behind. I am confident that we will cross USD 2 trillion by 2030," Goyal said.
The minister said he has asked the Department of Commerce to undertake a "massive focused concentrated" outreach globally in the next 4-5 months sectorally as well as country-wise through Indian missions abroad with special focus on trade, technology, tourism and investment.
India's total exports growth decelerated to 13.4 per cent in 2022-23 annually from 36 per cent expansion in the previous financial year as global demand was affected following outbreak of Russia-Ukraine war in February 2022 and other geopolitical reasons.
"We will achieve exports of USD 1 trillion each in goods and services by 2030," Goyal said.
The Foreign Trade Policy 2023 outlines a host of measures and incentives to boost exports from India.
"We always had the capacity to do more, but I feel it needed Prime Minister Narendra Modi to pump up our energies and enthusiasm and see the change witnessed thereafter," Goyal said.
The WTO's global trade has forecast growth in world trade to slow down to 1 per cent in 2023 due to global uncertainties.
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Trump rushed out of dinner event after shots fired; one arrested
Washington (PTI): US President Donald Trump and other top White House officials were evacuated unharmed from the annual dinner of White House correspondents after a man armed with multiple weapons fired shots outside the ballroom of the hotel.
The incident took place at around 8:34 PM local time when dinner was served. At that time, Trump was seen having a conversation with Weijia Jiang, the President of the White House Correspondents' Association, and mentalist Oz Pearlman, who was scheduled to present a show at the marquee event at the Washington Hilton here.
Secret Service officials and other security personnel covered the President, First Lady Melania Trump, Vice President J D Vance, and the Second Lady Usha Vance, who were seated at the head table, and escorted them out of the ballroom.
Several guests at the dinner, including leaders across the political spectrum, journalists and other invitees, ducked under the table, apparently as a reflex reaction.
Putting up a brave face, President Trump later announced on Truth Social that the dinner would be rescheduled within 30 days.
“Boom, boom, boom, boom is all that I heard, and many guests ducked under the table,” a C-SPAN reporter at the dinner said.
Hours later, Trump addressed a press conference at the White House and announced that the security personnel had captured one person who hails from California.
“I heard a noise and sort of thought it was a tray going down. I've heard that many times. It was a pretty loud noise, and it was from quite far away. He (the attacker) hadn't reached the area at all. They really got him,” Trump told reporters, recalling the incident.
Trump said one security officer was shot at but saved as he was wearing a bulletproof vest.
Several protestors had lined up on the road outside the hotel, raising slogans against the Trump administration and Defence Secretary Pete Hegseth.
A CNN reporter who was outside the ballroom at the Washington Hilton said he saw a gunman opening fire just a few feet away. He was among the dozens of attendees who took cover as law enforcement swarmed the venue.
The suspect has been identified as 31-year-old Cole Tomas Allen from California.
Asked how Saturday’s incident impacts him as the US president, Trump told reporters he is in a dangerous job but that he is no “basket case.”
“I like not to think about it. I lead a pretty normal life, considering, you know, it’s a dangerous life. I think I handle it as well as it can be handled,” Trump said.
Trump has survived two assassination attempts over the past two years – first at a presidential election campaign rally in Butler, Pennsylvania, on July 13, 2024, and later in Palm Beach, Florida, on September 15, 2024.
“I will say you had Republicans, Democrats, independents, conservatives, liberals, and progressives...everybody in that room, big crowd, record-setting crowd,” he said.
“We had some great work done by law enforcement, but in light of this evening's events, I ask that all Americans recommit with their hearts in resolving our differences peacefully,” Trump said.
