India achieves $400-bn export target for FY22 ahead of schedule

Govt is confident of clocking $410 bn exports by March 31, as India has been shipping roughly $1.3 billion a day

India exported goods worth $400 billion ahead of schedule, even as it stares at a disruption in the global economy emanating from the conflict between Russia and Ukraine that began last month.

To be sure, the $400 billion figure was achieved as on March 21, which is 37 per cent higher than the previous financial year, when India exported goods worth $291 billion. The government is confident of clocking exports worth $410 billion by 31 March as India has been exporting goods worth roughly $1.3 billion per day.

During the same time period, imports grew 51 per cent on year