Just 9 days ahead of the scheduled time, India shows massive achievement in meeting its $400 billion targets in exports.
India enjoys the position of Asia’s third massive economy and had preset this target for the fiscal year of 2022. Interestingly between the months of April-December India achieved $300 billion in exports.
Prime Minister Modi enthusiastically tweeted, “It’s a major achievement in our ‘Aatmanirbhar Bharat chapter’, I heartily congratulate our farmers, MSMEs, Manufacturers, weavers, exporters, traders, to achieve such a giant feat. India preset this target and achieved it today for the very first time.”
India set an ambitious target of $400 Billion of goods exports & achieves this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success.
— Narendra Modi (@narendramodi) March 23, 2022
Way back in February, during a Lok Sabha session Minister Piyush Goyal who holds the portfolio of Commerce and Industry, said, “Consecutively for 10th months India has recorded close to $ 30 billion in exports in the time period of April 2021 – January 2022. It’s a massive record as we have crossed $334 billion which is a first-timer for India in 12 months, we are sure to achieve a $400 billion target in exports.”
Many promising initiatives that have been curated to increase export sales and help in superior market presence have been planned and catapulted by the Department of Commerce for the present fiscal year.