Prime Minister Narendra Modi on Wednesday said the country has achieved the highest-ever goods exports target of $400 billion during the current financial year nine days ahead of its schedule, a 37% jump over the previous fiscal.
Going by the second graph shared, India had exported goods worth $1 billion every day on an average. As per the third graph shared by the Prime Minister, India’s exports rose 37 per cent on-year from $292 billion in 2020-21 to $400 billion in 2021-22 (till March 22).
Commerce and Industry Minister Piyush Goyal said, “PM Narendra Modi ji’s clarion call of #LocalGoesGlobal is a reality. Under your visionary leadership, India has scripted history by achieving an ambitious target of $400 Billion of goods export within a single year. Make in India lion is roaring aloud across the world.”
During the current financial year, an average of $46 million worth of exports were done every hour, the tweet said.
While sharing the exports data, the prime minister also mentioned actively engaging exports promotion councils, the government’s approach at states and districts levels, and closer engagements with exporters and faster resolution of issues.
India’s merchandise export in April 2021-February 2022 was $374.05 billion, an increase of 45.80 per cent over $256.55 billion in April 2020-February 2021 and an increase of 28.16 per cent over $291.87 billion in April 2019-February 2020.
The country’s merchandise import in April 2021-February 2022 was $550.12 billion, an increase of 59.21 per cent over $345.54 billion in April 2020-February 2021 and an increase of 24.11 per cent over $443.24 billion in April 2019-February 2020.
