Is India's export growth 'sticky' enough to hit $400-bn mark this year?

It is less than necessary, an analysis of the composition of the export basket suggests

Data released by the commerce ministry last month showed that for the first five months of fiscal 2021-22, India exported $164.4 billion worth of goods. Last year, the country had exported $98.1 billion worth of goods in this period. The April-August exports in FY22 are 23.5 per cent higher than the pre-Covid normal and the highest in a decade (see chart).

India, thus, is on track to hit the $400-billion export mark this year. But is this growth sustainable?

A Business Standard analysis of export data for the April to August period starting FY13 shows that for 55 commodities, India’s