Indian economy back in action: Piyush Goyal

By: |
November 12, 2021 7:29 PM

There was growth in employment over the same month last year, and manufacturing PMI rose to 55.9 in October while services PMI reached a decade high of 58.4 in the month, Goyal said.

He said that merchandise exports during April-October this fiscal stood at USD 232 billion and total FDI during the first four months of this fiscal rose by 62 per cent.He said that merchandise exports during April-October this fiscal stood at USD 232 billion and total FDI during the first four months of this fiscal rose by 62 per cent.

Indian economy is back in action and it is clear from several indicators such as rising exports and increasing foreign direct investment (FDI) inflows into the country, Commerce and Industry Minister Piyush Goyal said on Friday.

He said that merchandise exports during April-October this fiscal stood at USD 232 billion and total FDI during the first four months of this fiscal rose by 62 per cent.

There was growth in employment over the same month last year, and manufacturing PMI rose to 55.9 in October while services PMI reached a decade high of 58.4 in the month, Goyal said.

“India is back in action and the decade is shaping up to be a growth decade, with our exports surging and FDI in-flows and investments following a high growth trajectory,” he said at a virtual conference.

He said that global sentiments are changing from ‘Why India’ to ‘Why not India’ to now “Make in India for the world’ and serve the world from India.

Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival and India has emerged as a source of resilience and a trusted partner during COVID-19, he said.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Robust GST collections, PMI rise signal upswing
2Trade deficit hits record $23.3 bn in November
3E-way bill generation moderates in November