Indian Government has reported, according to media reports, achieving its ambitious target of crossing $400 billion exports. This was reported on Wednesday March 23, with 9 days remaining in the current financial year 2021-22.
With this achievement, the reports stars, India has reached a key milestone in its journey towards becoming ‘aatmanirbhar’.This is the first time ever that exports have crossed the $400 billion-mark. The previous best was $331.02 billion that was achieved in 2018-19.
India added around $25.19 billion worth exports in the month of March so far and may finish at about $410 billion by the end of this fiscal.
According to data released by the ministry of commerce & industry on March 14, India’s merchandise exports for the period April-February 2021-22 stood at $374.81 billion as against $256.55 billion during the period April-February 2020-21, registering a growth of 46.09 per cent.
India achieved this milestone despite all adversities including Covid-19 pandemic, and Russia-Ukraine war, if this was a movie it would be called a Make in India blockbuster,” he said at an official briefing.
He added that closer interaction with states and districts; engagement with exporters; faster resolution of their issues; actively engaging with different export promotion councils, industry associations and other stakeholders have helped in reaching this milestone.
Prime Minister Narendra Modi hailed the country’s success via a tweet and said that this is a key milestone in India’s ‘Aatmanirbhar Bharat’ journey.
