India’s merchandise exports between April 2021 and Feb 2022 were worth $374.05 billion, an increase of 45.80 per cent over $256.55 billion in April 2020-Feb 2021 and a rise of 28.16 per cent over $291.87 billion in April 2019-Feb 2020.

Additionally, India exported cotton textile products such as made-ups, yarns and fabrics worth $13.95 billion between April 2021 and February 2022, surpassing the target of $12.50 billion, as per official data.

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“India set an ambitious target of $400 billion of goods exports and achieves this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey. #LocalGoesGlobal,” said Prime Minister Narendra Modi in a tweet today.

“We have scaled the $400 billion goods exports mountain. Every hour, day & month leading to this monumental achievement has been exhilarating. Now, there are higher peaks to scale. #LocalGoesGlobal,” tweeted Piyush Goyal, minister of commerce and industry, consumer affairs and food and public distribution and textiles.

India’s merchandise exports in February 2022 were worth $33.81 billion, an increase of 22.36 per cent over $27.63 billion in February last year and a rise of 21.88 per cent over $27.74 billion in February 2020. Merchandise imports in February 2022 were worth $55.01 billion, rising by 34.99 per cent and 45.12 per cent over $40.75 billion in February 2021 and $37.90 billion in February 2020 respectively.

As per data shared by PM Modi in his tweet, India exported goods worth $33 billion every month and close to $1 billion every day.

Fibre2Fashion News Desk (KD)