India will have to increase exports to emerge as stronger nation in global community:Nitin Gadkari
Amid ongoing trade tensions, Union Minister Nitin Gadkari has said that India will have to increase its exports and reduce imports to emerge as a stronger nation in the global community.
While addressing an international conference on Vision 2047 Prosperous and Great Bharat, Minister also suggested that the imposition of reciprocal tariffs by the US was a blessing in disguise for India as newer markets are now opening up for the domestic industry.
Gadkari highlighted the sugar industry's recent order from the US as an example of how India can benefit from global trade dynamics. The Indian sugar industry received an order of 1,000 containers from the US. The minister further said that these are the ways if someone faces a loss, someone else profits. It is a plain case of demand and supply.
