Business Standard

India crosses $400-bn milestone in exports for first time in a fiscal year

Hailing the country's success in achieving its goods export target, Prime Minister Narendra Modi said that this is a key milestone in India's 'Aatmanirbhar Bharat' journey

exports, imports, trade, FTA

Press Trust of India New Delhi
The country's exports for the first time crossed the USD 400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday.

The merchandise exports rose by by 37 per cent to USD 400.8 billion in 2021-22 until March 21 against USD 292 billion in 2020-21. Previously, the outbound shipments had touched a record of USD 330.07 billion in 2018-19.

Imports during the period stood at USD 589 billion, leaving a trade deficit of about USD 189 billion.

Hailing the country's success in achieving its

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 23 2022 | 10:18 AM IST

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