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US recovery helped India achieve the $400-billion mark for exports

During the first 11 months of the fiscal year, outbound shipments to China grew at 7 per cent, with shipments valued at $19.8 billion.

exports, imports, supply chain, economy, growth, shipping

Photo: Bloomberg

Shreya Nandi New Delhi
Economic recovery from the pandemic in the US has helped India achieve the $400-billion mark for exports for the first time in any fiscal year.
According to the preliminary data compiled by the Department of Commerce, India exported goods worth $73 billion to the US from April 1 to March 21 — up 47 per cent, compared to last year. The US’ share of exports, compared to total exports, stood at 18.2 per cent. The country is also India’s largest trading partner and export destination.
On Monday, the government said India had exported goods worth $400 billion ahead of schedule

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First Published: Mar 25 2022 | 6:04 AM IST

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