Exports rise 40% to touch $418 bn in FY22, surpass govt target by 5%

The value of goods exported from India witnessed 40 per cent growth during the financial year 2021-22, hitting a record $417.8 billion and surpassing the target set by the government by 5 per cent, according to the commerce and industry ministry.

During the month of March, exports touched $40.38 billion, as compared to $34 billion during the same period a year earlier. The growth was driven by higher demand for items in the petroleum, gems and jewellery, engineering products.

“India has exported $418 billion, for the first time in its history. This is more than the set target. Exceed $40