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Referring to Prime Minister Narendra Modi's target of $400 billion in exports this year, the Confederation of Indian Industry (CII) has called it 'attainable', given the current global situation of post-pandemic economic recovery and rising competitiveness of Indian goods. CII said the strategy for exports along with taking all players on board would yield notable outcomes with the comprehensive policy announcements and will help India take a winning leap forward as a $5 trillion economy in the near future.

Director-General of CII -- Chandrajit Banerjee said  the PM has set an aspirational, but very much attainable target of $400 billion in exports for the year. At the current juncture when global value chains are in flux, the multifold strategies to promote exports coupled with a whole-of-government approach make this a moment for India to seize. The draft National Logistic Policy, boost for project exports and enhancing export insurance cover offer significant encouragement to catalyse exports to new peaks.

Besides, lauding the Central government for its efforts to foster globally competitive firms, he said ‘Over the recent few years, the Government of India has been at the forefront in creating a conducive regulatory environment that fosters globally competitive firms. Several reform initiatives have been introduced in the domain of trade and investment which have been the key to enhance the export potential of the Indian economy. The Government has been very proactive during the lockdown period and has extended all possible help and support to the industry as a whole and exporters in particular. Industry concerns were resolved on an almost real-time basis.’