Gurgaon, March 21 -- Union Minister of Commerce & Industry Piyush Goyal highlighted the importance of micro, small, and medium enterprises (MSMEs) in IT, tourism, business accounting, and financial services in driving services exports and job creation. Addressing the Global Confluence 2025 event organised by Nasscom in New Delhi, he expressed confidence that the IT sector could achieve a USD 450 billion services export target in the next financial year.

Goyal also stated the contribution of the IT and IT-enabled services (ITES) sector to India's economic growth. He mentioned that services sector exports reached approximately USD 340 billion last year, with IT and ITES contributing nearly USD 200 billion. This year, services exports are p...