India’s exports of goods and services have remained in positive territory during the first half of the current financial year despite global headwinds, Commerce and Industry Minister Piyush Goyal said on Wednesday.
Speaking at the Global Fintech Fest, Goyal said the country recorded an aggregate export growth of 4–5 per cent over the past six months, reflecting India’s resilience amid rising global trade fragmentation, geopolitical tensions, volatile financial markets, and supply chain disruptions.
“While final figures will be out next week, we are in positive territory in exports…with an aggregate growth of between 4 per cent and 5 per cent over the last six months. That is India’s resilience,” Goyal said. “The country today is at an inflection point, with strong macroeconomic fundamentals, expanding trade relations with developed countries, and a focus on empowering consumers through high quality and low taxes.”
The minister underscored India’s emergence as a global hub for advanced technologies, highlighting the nation’s 500-gigawatt integrated renewable energy grid that provides 24-hour clean power at competitive rates of 8–9 cents per kilowatt hour — a key enabler for data centres and artificial intelligence development.
“Our diplomacy today rests on strong ties with different countries and I can assure you that the way forward holds huge promise, huge potential, huge opportunities,” he said.
Emphasising the role of credibility in economic growth, Goyal added, “In the world of finance, trust is the only currency that never depreciates; it only appreciates.”
Highlighting India’s robust economic trajectory, the minister said eleven years of structural reforms and bold policy initiatives have placed the country on a high-growth path, with GDP expanding at 9–9.5 per cent in US dollar terms annually.
“With our economy doubling every 7.5 to 8 years, achieving the goal of becoming a $30–35 trillion economy by 2047 is well within reach. It is something we are collectively committed to achieve,” Goyal said.
