INDIA’S MERCHANDISE EXPORTS CROSS 400 BILLION DOLLARS FOR FIRST TIME
(The Quiver): India has achieved the ambitious goods export target of $400 billion ahead of schedule for the financial year 2021-22 (till March 22, 2022). Prime Minister Narendra Modi on Wednesday congratulated farmers, weavers, MSMEs (small businesses), manufacturers and exporters for the success.
“India set an ambitious target of $400 billion of goods exports and achieves this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey,” the Prime Minister tweeted.
The merchandise export target of $400 billion has been achieved nine days ahead of the schedule with an average of $1 billion goods exported every day.
In a reply during the question hour in Lok Sabha in February, Commerce and Industry Minister Piyush Goyal said, “For 10th month in a row, April 2021 to January 2022, India has posted over USD 30 billion of exports. It is a record, we have already crossed USD 334 billion of exports which is more than the highest ever that India has done in full 12 months period.. We are well on track to achieve USD 400 billion of exports.”
A range of initiatives, handpicked specifically to maximise export earnings and establish dominance in key markets, have been pushed by the Commerce Department in the current fiscal year.
