Commerce and Industry Minister Piyush Goyal has said that India’s current level of foreign exchange reserves and remittances are enough to keep the currency and economy strong for the next 5-6 years even at the current levels of Current Account Deficit (CAD) and trade deficit.
Assuring the industry that India will retaliate and stand up for what’s right for its industry in the Carbon Border Adjustment Mechanism (CBAM), the Minister said that India is gaining confidence & understanding of its true standing as it look to become the world’s third largest economy in next few years.
Stating that the election year 2024 would we critical for the country in terms of determining stability, he expressed hope for the ruling BJP-led Central government to mark a hattrick in power next year at the back of 3 recent victories in assembly elections.
While he said that BEST in Mumbai is aiming to make its transport operations profitable after electrification of the entire fleet, he added that EVs and better roads now facilitate the travel of a family of 4 or 5 people from Delhi to Mumbai within 12 hours in a cost less than $100.
