On track to achieve $650-billion exports target in FY22: Piyush Goyal

India's merchandise exports in April-December was over $301 billion, achieving three fourth of its annual exports target of $400 billion in the first nine months of FY22

Commerce and Industry Minister Piyush Goyal on Monday said the country is on track to achieve the $650-billion export target set for goods and services in the ongoing fiscal year (FY22). 

The $400-billion merchandise exports target is within sight and the services sector should also strive towards meeting the $250-billion target, the minister said while chairing a review meeting of all major Export Promotion Councils (EPCs). 

“In December alone, we touched $37-billion goods exports despite the Omicron fear factor weighing high. This month, till January 15, we have reached $16 billion,” an official statement quoted the minister as saying. 

India exported merchandise worth over $301 billion in April-December, achieving three-fourth of the annual target. The minister also assured the EPCs that the government will handhold them and resolve their issues to achieve even higher export targets in the next fiscal year. 

“He assured the industry representatives to pursue their demands during the various FTA negotiations,” an official statement said.