India, March 21 -- Union Minister of Commerce & Industry, Shri Piyush Goyal, highlighted the significant role of India's Micro, Small, and Medium Enterprises (MSMEs) in achieving the ambitious $450 billion services export target for the next financial year. Speaking at the Global Confluence 2025 organized by Nasscom in New Delhi, he emphasized the rapid growth of MSMEs in IT, tourism, business accounting, and financial services, acknowledging their contribution to job creation and economic development.

Shri Goyal expressed confidence in the continued strength of the IT and IT-enabled services (ITES) sector, which contributed nearly $200 billion to last year's services exports of approximately $340 billion. This year, services exports are p...