India’s merchandise exports spurted to a file excessive of USD 418 billion within the 2021-22 fiscal on larger shipments of petroleum merchandise, engineering items, gem and jewelry and chemical substances, in line with official information launched on Sunday. Outbound shipments touched an all-time excessive of USD 40 billion in a month in March 2022, Commerce and Business Minister Piyush Goyal informed reporters right here. Exports stood at USD 34 billion in March 2021.
Merchandise exports have been value USD 292 billion in FY2020-21.
India’s merchandise exports had breached the focused USD 400 billion mark on March 23 this yr.
The important thing export sectors, which contributed to file wholesome development, embody petroleum merchandise, engineering, gems and jewelry, chemical substances and prescribed drugs.
The highest 5 export locations are the US, UAE, China, Bangladesh and the Netherlands.
Hailing the nation’s success in attaining the products export goal, Prime Minister Narendra Modi had stated that it is a key milestone in India’s ‘Aatmanirbhar Bharat’ journey.
