Being the 6th top economy in the world, India has revealed that it's on its the path to beating that and achieving more, during the 2020 world expo in Dubai Union Commerce and Industry Minister Piyush Goyal revealed that India would soon surpass the USD 400 billion exports per year and USD 5 trillion GDP.
During the inauguration, Goyal said India will soon play a central role in business and trade, and technology globally. He said India was conscious about democracy, talent, and innovation. He urged other countries to join in the journey.
He noted that despite the pandemic, India recorded a 20.1℅ in the first quarter of 2022 and 24.4℅ in 2021. He further noted that the young population in India was playing a huge role in the same, the new education policy focusing on skill development will too play a role in meeting its target according to the minister.
With the expo being held in UAE, the minister said that it will largely play a role in improving the partnership and trade between the two countries. In the year 2019-2020 the trade between them was valued at USD 60million. UAE is the second-largest export market of India and the 8th largest investor.
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