India’s export touches record $418 bn in 2021-22: Piyush Goyal

Exports reached a high of $418 billion in 2021-22. India’s exports totaled $40 billion in March. Recently, India surpassed its $400 billion export target

India's exports reach $418 bn says Piyush Goyal

India’s exports touched a record high of $418 billion in 2021-22, informed Commerce Minister Piyush Goyal. “In March, India’s exports touched around $40 billion which is itself a record as we have never bagged such a huge amount from exports in a month ever before,” he added.

Addressing a media briefing here, Goyal said that during 2021-22, $30 billion in exports was recorded on a monthly basis, and this was despite the second and third waves of coronavirus pandemic hitting the country hard.
The engineering goods exports hit a record $111 billion, of which about $16 billion worth of goods were shipped to the US alone.

“Our MSME sector, farmers, everybody together took India to new heights successfully,” Goyal said. Mentioning about ‘RRR’ film, the Union Minister said it has been learnt that the film has done the highest-ever business of Rs 750 crore in the history of Indian cinema.

Goyal said that similarly, the Indian economy is also ready to break all records and the country has the capability to achieve impossible targets.
“The growth has occurred in sectors that have smaller enterprises and involves the agriculture sector. I congratulate the farmers for raising the agricultural produce. Wheat exports have grown from 2 lakh tonnes in 2019-20 to 21.55 lakh tonnes last year and to over 70 lakh tonnes in 2021-22,” the Commerce Minister said.

Similar growth has been recorded in jute products, textiles, leather, gems and jewellery and other labour-intensive sectors.

“We will continue to work hard to enhance the capacity of MSMEs and farm sector to raise exports and create jobs,” he added.

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