Multi-Dimensional Approach Key To Achieve $1 Trillion Exports By 2030: CII

A multi-dimensional approach is needed to take the country's merchandise exports to $1 trillion by 2030, a report by industry body CII has noted

A multi-dimensional approach is needed to take the country's merchandise exports to $1 trillion by 2030, a report by industry body CII has noted.

Titled "Achieving $1 trillion in merchandise exports: A Roadmap", which was released today, it says that finalising free trade agreements with large markets, attracting global firms and addressing domestic manufacturing issues are needed to achieve the target.

"With a holistic and aggressive approach, the aim to achieve $1 trillion in merchandise exports by 2030 is indeed achievable if India undertakes a strategic mission," CII president T V Narendran said.

In January-December 2021, India's merchandise exports crossed $292 billion, a growth rate of 43 per cent over the previous year. The top products adding to export growth include iron and steel, mineral fuels, cotton, aluminium, vehicles, textiles, electrical machinery and equipment and cereals, amongst others.