Trade plays major role in India’s economic growth
India's Commerce & Industry Minister Kamal Nath this week affirmed
India's commitment towards doubling the country's share in the global merchandise trade and reaching $150 billion in exports per annum within four years.
Discussing the country's economic reforms and growth at the
India Trade and Investment Forum, the minister said that
India is a diverse country with many economic paradoxes. He explained that eradicating poverty would go a long ways towards helping
India overcome such paradoxes.
One such paradox is agriculture. Agriculture in
India is not an economic activity, but rather a subsistence activity that 600 million people depend on. Therefore, the doubling of foreign trade is important.