India poised to achieve services export target of $1 trillion: Goyal

Union minister Piyush Goyal on Tuesday said that India is poised to achieve services export target of $1 trillion by 2030. Speaking at the 'Services Export Promotion Council - Global Services Conclave 2021” in New Delhi, the Union minister of commerce and industry said that the services sector is a key driver of India’s economic growth since not only does it provide employment to nearly 2.6 crore people, it also contributes approximately 40% to India’s total global exports.
The theme of the conclave was 'India Serves: Exploring Potential Growth Sectors Beyond IT/ITes'. Goyal said that the trade surplus in the services sector was $89 billion in the financial year 2020-21 and it has been the largest FDI recipient.