Minister of Commerce and Industry, Piyush Goyal has called for a collective commitment from the government and the IT sector to achieve a 450 billion dollars in services export target. Addressing the inaugural session of NASSCOM Global Confluence 2025 in New Delhi, the Minister expressed confidence that in 2025-26, India’s services exports could surpass merchandise exports, with IT at the forefront. Mr Goyal added that services exports are expected to reach between 380 billion dollars and 385 billion dollars this year, further solidifying India’s global presence. He also recognised the rapid growth of MSMEs in IT, tourism, business accounting, and financial services and emphasized the sector’s high job creation potential. Mr Goyal further stressed the need to attract Global Capability Centers (GCCs) to India, leveraging the country’s vast talent pool.
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