Balance of funds to be ‘very, very robust’ this 12 months: Piyush Goyal

NEW DELHI: India’s steadiness of funds this 12 months goes to be “very very robust” on the again of serious enchancment in exports and a fall in imports, commerce and trade minister Piyush Goyal stated on Monday.
He stated that “good” green shoots are seen within the economic system and exports have proven a “good” turnaround.
“We are in July at about 91 per cent export degree of July 2019 figures. Imports are nonetheless at about 70-71 per cent degree of July 2019. So, broadly our steadiness of funds this 12 months goes to be very very robust, which is why we really feel assured that Indian trade will see alternatives for themselves, will see alternatives of development,” he stated at a Ficci webinar.
India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined however the nation’s commerce turned surplus for the primary time in 18 years as imports dropped by a steeper 47.59 per cent.
The nation posted a commerce surplus of $0.79 billion in June.

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