Goyal calls for big push to boost exports

Minister of Commerce and Industry Piyush Goyal on Friday called for easy availability of credit at a low interest rate to boost exports of goods and services to two trillion US dollars in the next five years.It is the joint responsibility of banks and government to ensure that export credit at competitive rates is available to businesses, said Goyal while addressing a meeting in the national capital.In 2018-19, the overall exports (merchandise and services) reached a new peak of 535.4 billion dollars, attaining a growth of 7.97 per cent."We have to develop a framework with a stable policy that is internationally acceptable, consistent and robust. And then look for solutions within that framework based on trust, integrity and due diligence," he said."Greater transparency has to be brought into the work being done by government organisations, export promotion councils, and financial institutions," said Goyal.He said that timely and efficient availability of export credit is critical for