In a first, India has achieved its good export target crossing $400 Billion nine days ahead of schedule, which is a whopping rise from last year’s exports that stood at $292 Billion in 2020-21.
On Monday, reportedly, commerce and industry minister Piyush Goyal said that India will clock around $410 billion of goods exports in FY22, higher than the $400 billion aimed despite the “problems in the Northern part of Europe and Asia”.
Prime Minister Narendra Modi took to Twitter to applaud this huge achievement; he wrote, “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.”
PM’s Tweet
While India maintained an average of $30 Billion exports for 11 consecutive months, it registered the highest ever monthly merchandise exports of $39.3 Billion in December 2021.
Giving credit to PM Modi’s call for the #LocalGoesGlobal initiative, Commerce and industry minister Piyush Goyal tweeted, “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.
As per the government data, petroleum products, electronic goods, engineering goods, leather, coffee, plastic, ready-made garments of all textiles, meat and dairy products, marine products, and tobacco have remained the key sectors for exports. While wheat, rice, marine products, sugar, and spice are the top agricultural products, India has become a major global supplier of food & essential agriculture products.
The government of India shared a short video on MyGovIndia social media on this new milestone.
This year’s blockbuster exports in India is a result of PM Modi’s call for the #LocalGoesGlobal under Atmanirbhar Bharat.
