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.
- Stocks Under F&O Ban: Hindustan Copper, RBL Bank, and Others
- Govt plans new route connecting Noida airport to NH-34
- India Ranks Third in Global Fintech Funding, Despite 33% Drop in 2024
- India’s Retail Inflation Drops to 5.22% in December, Food Inflation at 8.39%
- Donald Trump Inauguration: Xi Jinping Invited, S Jaishankar to Represent India
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.
