NEW DELHI: The rebound in exports in Nov will help erase the dip seen in Oct, commerce and industry minister Piyush Goyal said Wednesday. Although there was no mention of the exact figure, he said, “If I aggregate Oct and Nov, both months show growth in merchandise (exports) despite all the global turmoil. This only goes to show that the economy is on a strong footing.”In response to a question on the record low of the Rupee, the minister said Indian economy was on a strong footing and would continue to power up. “Growth we just saw is at 8.2% even in the second quarter, beating all estimates. We have seen the lowest ever inflation in the last few months. Foreign exchange reserves continue to be strong, and all the levers of the economy have demonstrated a great deal of positivity.”At a CII event, the minister called for strengthening supply chains and preparing for global volatility with a “twin approach,” building on areas where it holds a comparative advantage while simultaneously achieving strategic autonomy in sectors where supply-chain dependence can threaten long-term resilience.He also said the future of manufacturing lies in being nimble, with companies that innovate, invest in R&D, and build secure, efficient supply chains surviving, while “those who remain in their cocoon of low competition protected economies will gradually start fading.”End of ArticleFollow Us On Social MediaVideos”Derogatory” BJP Hits Out at Revanth Reddy Over Remarks On Hindu DeitiesOver 70 IndiGo Flights Cancelled Across India as Crew Shortage Triggers Massive Disruption“India’s Diplomacy Has Spine”: Tharoor Praises India’s Assertive Foreign Policy On RussiaRahul–Priyanka Candid Chat Goes Viral As Camera Catches Fun Banter’We Have A Diplomatic Allergy’: Shashi Tharoor Warns India Still Lacks A National Security StrategySanchar Saathi App Row In LS: Cong Flags Privacy Fears, Scindia Says ‘Snooping Not Possible’Rupee Slides To Record Low Of 90 Per Dollar As Trade Uncertainty, Dollar Demand And Oil Costs Spike’Leader Is Bulldozing’: Kharge, Nadda Lock Horns Over TMC MP’s Speech In Rajya SabhaIndia’s Workforce Power Will Keep Growing, Jaishankar Says, As He Takes Down Anti H-1B NarrativesKTR Slams Congress, Says Rahul Gandhi Has No Vision And Is An Albatross Around Opposition’s Neck123Photostories10 best foods to boost muscle growth and strengthSay these 5 nighttime affirmations and watch your life transform in just days5 brutally honest lessons to take from Virat Kohli on how to crush successMalaika Arora’s yoga secrets: 5 beginner-friendly poses for body & mindHow Bhagavad Gita can heal unknown childhood trauma and unlock blockages for success in lifeInside Earth’s forbidden zones:5 deadly and mysterious places where entry is banned8 reasons to have a bowl of pomegranate daily for breakfast5 quotes by William Shakespeare that are like love bombs that hit different every timeFrom ‘Pather Panchali’ to ‘Devdas’: Films that won awards, audiences and critics worldwideWhy Ramayana still guides parenting today: 10 lessons to live by123Hot PicksParliament Winter SessionPutin India VisitWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingNBA Trade RumorsMike TysonWendy OrtizCardi BAuston MatthewsStephen CurryNathan MacKinnonJayden DanielsSuper Bowl LX Halftime ShowMolly Qerim
NEW DELHI: The rebound in exports in Nov will help erase the dip seen in Oct, commerce and industry minister Piyush Goyal said Wednesday. Although there was no mention of the exact figure, he said, “If I aggregate Oct and Nov, both months show growth in merchandise (exports) despite all the global turmoil. This only goes to show that the economy is on a strong footing.”In response to a question on the record low of the Rupee, the minister said Indian economy was on a strong footing and would continue to power up. “Growth we just saw is at 8.2% even in the second quarter, beating all estimates. We have seen the lowest ever inflation in the last few months. Foreign exchange reserves continue to be strong, and all the levers of the economy have demonstrated a great deal of positivity.”At a CII event, the minister called for strengthening supply chains and preparing for global volatility with a “twin approach,” building on areas where it holds a comparative advantage while simultaneously achieving strategic autonomy in sectors where supply-chain dependence can threaten long-term resilience.He also said the future of manufacturing lies in being nimble, with companies that innovate, invest in R&D, and build secure, efficient supply chains surviving, while “those who remain in their cocoon of low competition protected economies will gradually start fading.”
