Commerce and Industry Minister Piyush Goyal today said, India continues to witness strong economic fundamentals and robust export growth amid global turbulence. He said, the pace of export growth recorded in April has continued into May, reflecting the resilience of the Indian economy amid global adversities. Briefing media in New Delhi, Mr Goyal highlighted that government has absorbed the burden of elevated fertilizer prices to protect farmers from rising input costs.

The Minister added India’s journey towards self-reliance and equal engagement with the world is reflected in the nine free trade agreements signed by the country and the successful visit of the Prime Minister to five nations. He said that governemnt is also launching another ease-of-doing-business measure through the Bhavya scheme, under which 100 industrial parks will be set up across the country. Mr Goyal added that the Bharat Audyogik Vikas Yojana, with an allocation of over 33,600 crore, will create plug-and-play industrial parks in collaboration with state governments.