Union minister Piyush Goyal on Tuesday said that India is poised to achieve services export target of $1 trillion by 2030. 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. Emphasising India’s potential to become the top services exporter globally, he added that the services sector is boosting the country’s transition from an “Assembly economy” to a “Knowledge-based economy”. The minister listed higher education as a crucial sector that can catapult India’s services sector on a high growth trajectory.

Source: Hindustan Times November 09, 2021 22:07 UTC