President presents Niryat Shree and NiryatBandhu Awards

Speaking on the occasion, the President congratulated all the award winners and said that he was sure their achievements would inspire other exporters also to contribute more vigorously to the economic development of our country by augmenting their export efforts.

The President said that exports have a very important role to play in our economic growth.

The President said that India has done reasonably well in all parameters of socio-economic activity over the last decade.

All across, we see a genuine recognition of present day, “emerging India” embarking onto a new era and making its mark on the world stage, he said.

"We are today the third largest economy in the world in terms of purchasing power parity with our economy growing at an average rate of 7.6 per cent per year from 2004-05 to 2013-14. The international trade to GDP ratio, which was less than 15 per cent in 1991-92, is now close to 42 per cent. Our export sector has done well. From US Dollar 17.9 billion in 1991-92, the value of exports has increased to US Dollar 312.6 billion in 2013-14. The compound average growth rate of our exports during 1991-92 to 2001-02 was 9.4 per cent. This has increased to 17.8 per cent during the period 2001-02 to 2013-14," he said.