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India stands united to overcome global challenges: Piyush Goyal

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New Delhi: Commerce and Industry Minister Piyush Goyal today said that no matter how big the problem arises in global situation, India stands together as a nation.

Addressing 56th Engineering Export Promotion Council (EEPC) India National awards here the minister said, “India’s self-reliance is so strong that it will only grow stronger and will not bow in front of anyone.” Referring to EEPC’s journey, he pointed out that in 1955 exports were at USD 10 million, while today they stand at USD 116 billion.”

He emphasised that businesses should focus on swadeshi products as this will not only help India’s growth but also strengthen the country’s financial security.

Goyal said he has full confidence that India, with the motto of ‘ Zero Defect, Zero Effect’ will grow bigger. He further underscored the need to ensure that good-quality products are made in India and sold across the world.

“India is a nation conscious of sustainability. As a responsible citizen, India is mindful of Mother Nature and with its NDC commitments under COP21 in Paris, India has ranked in the top three for consecutive years in global sustainability efforts.” the minister said.

Nationally Determined Contributions (NDCs) are national climate action plans submitted by countries to the United Nations Framework Convention on Climate Change (UNFCCC) under the Paris Agreement.

Goyal also underscored that India has been the fastest growing economy for the last four years. In the last quarter, the country achieved 7.8 pc GDP growth, which he described as a world record.

The minister said that with GST rate cuts and simplification, Prime Minister Narendra Modi has given a boost to domestic demand.

Concluding his address, Goyal said, “India works together as a united family, supporting each other across sectors, inclusive growth will naturally follow. “

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