History created! India records highest exports of USD 418 billion in FY 2022


Photo source: PTI / File photo

In fiscal year 2022, India recorded a record export of 18 418 billion

India’s exports of petroleum products, engineering materials, gems and jewelery and chemicals reached a record high of 4 418 billion in FY 2021-22, according to official data released on Sunday.

In March 2022, outbound shipments reached an all-time high of 40 40 billion a month, Commerce and Industry Minister Piyush Goyal told reporters here. Exports in March 2021 stood at িয়ন 34 billion In the fiscal year 2020-21, exports amounted to US 29 292 billion

India’s merchandise exports exceeded the target of 400 400 billion on March 23 this year. Key export sectors, which have contributed to record healthy growth, include petroleum products, engineering, gems and jewelery, chemicals and pharmaceuticals.

The top five export destinations are the United States, the United Arab Emirates, China, Bangladesh and the Netherlands. Praising the country’s success in achieving the export target, Prime Minister Narendra Modi said it was a key milestone in India’s journey to a ‘self-reliant India’.

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