India's exports hit a record high of 418 billion dollars in 2021-2022

• Integrity Education, Delhi
• 04, Apr 2022

The Commerce and Industry Minister, Piyush Goyal, has said that the country’s goods exports have now crossed the 418 billion US dollar mark. Addressing the media in New Delhi on India's historic export figures for the financial year 2021-22, Mr Goyal said, that it is an important milestone in the journey towards an Aatmanirbhar Bharat. 

He said, that every sector of the economy, be it Micro, Small and Medium Enterprises; farmers, entrepreneurs, or state governments, all have worked together to achieve this lucrative goal. Mr Goyal said that India has truly gone from local to global in response to Prime Minister Narendra Modi’s call. The Minister said, that the export of wheat in 2019-20 which was only two lakh tonnes, has increased to 21.55 lakh tonnes in 2020-21.

Mr Goyal said, that wheat export is likely to exceed ten million tonnes in 2022-23. The Minister said, that higher agricultural exports signify the ability of Indian farmers to meet the requirement of the 1.35 billion population and yet produce a surplus to export to the rest of the world.

Mr Goyal expressed confidence that India's economy is poised to break a number of records. Mr Goyal said, Government is now working on rolling out the District Export Hub Initiative to strengthen the export infrastructure, logistics at district level to facilitate exports.

Sources : News on AIR