India can create crores of jobs in labour-intensive sectors: Goyal

Goyal also holds the portfolios of textiles, consumer affairs and food and public distribution.

“…We can still aim for the $5-trillion economy by 2026, but it’s not possible unless all of you participate with full gusto in this very, very ambitious plan,” said Goyal in his address through video conferencing.

Exuding confidence that India’s exports will cross $650 billion this fiscal, he urged industry champions to heavily invest in labour-intensive sectors, according to an official release.

“…Services will catch up faster, and by 2030, India should aspire for a trillion dollars of merchandise exports and a $1 trillion of services exports,” he added.

Goyal gave a three-point action plan for all Industry associations: encourage big companies to integrate micro, small and medium enterprises and ensure timely payments; support each other in domestic manufacturing; and train young minds to get into manufacturing.

ALCHEMPro News Desk (DS)