Merchandise exports from India have reached USD 417.8 billion in the current financial year. This figure excludes the figures from non-EDI Ports and adding that, it is likely to exceed $418 billion, an all-time high in India’s export history.
India has achieved highest monthly value of merchandise export in March 2022 amounting USD 40.38 billion, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.
The exports have witnessed a significant growth in non-petroleum goods also in April 2021-March 2022 which was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.
Minister of Commerce and Industry Piyush Goyal said that India had truly gone from ‘local to global’ in response to the Prime Minister Narendra Modi’s call. He said that every Indian should be proud of the pace at which India is achieving ‘atmanirbharta’ while ensuring that every Indian benefits from this progress. He added that India has been able to achieve this spectacular target under the leadership of the Prime Minister.
Expressing confidence that India’s economy is poised to break a number of records, Shri Goyal said that PM Modi had set lofty goals for India and that our nation is extremely capable of achieving such immense goals. To make Possible the Impossible, tirelessly strive for it and collectively work towards it, he added.
Goyal said the ‘never say die’ spirit of our exporters, the relentless effort by EPCs and Industry Association, the coordination among different GOI Departments and state governments reflecting the ‘whole of government approach’ has resulted in this stupendous achievement.
Every sector of the economy, every farmer, every entrepreneur, every MSME and state governments worked together to achieve this lucrative goal, he said. India’s diversified export portfolio in 2021-22 show India’s manufacturing abilities as well as growth in hi-tech goods, electronics and agricultural products.
