Piyush Goyal, Minister of Commerce and Industry, confirms a strong Indian economy; November export rebound negates October dip.
The rise in exports in November will help offset the fall witnessed in October, Minister of Commerce and Industry Piyush Goyal said on December 3, 2025. He stated, “If I aggregate Oct and Nov, both months show growth in merchandise (exports) despite all the global turmoil,” however, the precise amount was not mentioned. This merely serves to highlight how solid the economy is.
When asked about the Rupee’s record low, the minister replied that the Indian economy was doing well and would keep growing. “Growth we just saw is at 8.2 percent, even in the second quarter, beating all estimates. In recent months, inflation has been at its lowest point ever. All of the economic levers have shown a tremendous degree of positive growth, and foreign exchange reserves are still high.
The minister advocated for a “twin approach” building on areas where it has a comparative advantage while simultaneously achieving strategic autonomy in sectors where supply-chain dependence can jeopardise long-term resilience to strengthen supply chains and prepare for global volatility at a CII event.
Additionally, he stated that “those who remain in their cocoon of low competition protected economies will gradually start fading,” while businesses that innovate, invest in R&D, and create safe, effective supply chains will thrive in the future of manufacturing.
SOURCE – TIMES OF INDIA
