On Wednesday, Prime Minister Narendra Modi informed that India had achieved the target of 400 billion dollars of goods exports for the first time. “I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey,” Narendra Modi tweeted.

On average, every hour, USD 46 million goods are exported, USD 1 billion goods are exported every day, and USD 33 billion every month.

The exports in the financial year 2020-21 were USD 292 billion, while the exports in 2021-22 are USD 400 billion with a 37 per cent rise.

• L&T Shares Trade With Nominal Losses Despite Securing Orders 
• Daily vs Weekly SIP: Which Can Supercharge Your Portfolio to the Million-Mark?
• Rail Vikas Nigam Shares Take a Hit Despite Rs 165 Crore Order 
• Lupin Shares Gain 1% as Unit Receives EIR Status from USFDA
• Glenmark Unit Signs Exclusive NSCLC Drug Pact with Hansoh Pharma; Shares Drop 1%

Earlier in February, the Commerce and Industry Minister Piyush Goyal had said, “For ten months in a row, continuously, from April 2021 to January 2022, India has posted over USD 30 billion of exports. We have already crossed USD 334 billion exports which is more than the highest ever that India had done earlier in a full 12-month period.”

On March 7, the Commerce and Industry Minister also said that India’s merchandise exports have reached USD 390 billion till March 14 of the current financial year and would undoubtedly cross USD 400 billion during the year ending March 31, 2022.