India reached the highest export target of $ 400 billion on March 23 nine days before the schedule. The third largest economy in Asia has set this ambitious export target for FY22. In the April-December image it stood around $ 300 billion.
“India sets an ambitious target of $ 400 billion in goods and reaches this target for the first time. I congratulate farmers, weavers, MSMEs, manufacturers, exporters for this success. This is the main milestone on our Aatmanirbhar Bharat,” Prime Minister Narendra Modi tweeted.
In a reply during the question at Lok Sabha in February, the trade and Minister of Industry Piyush faltered said, “For 10 consecutive months, April 2021 to January 2022, India has posted more than USD 30 billion export. This is a record we have crossed USD 334 billion export is more than ever done in India in a 12-month full period. We are fine to reach USD 400 billion export. “
Various initiatives, specifically selected to maximize export income and build domination in the main markets, have been driven by the Ministry of Commerce in the current fiscal year.