India Achieves $400 Billion Annual Exports Milestone

India has registered exports in the 1st half of FY22 at $197.89 billion and is closer to get the $400 billion yearly exports milestone by the end of 2021. However, the increasing global goods costs, including critical inputs like oil, chemicals, metals, plastic and cotton, are reliable for this increase.

The volume growth is not comparable with this value growth, traders and industry experts said. Around $197.89 billion in merchandise goods exports were recorded in Apr-Sept. Fresh fruit & vegetable exports decreased by 17.4 per cent in volume terms. Value-added steel product exports were also reduced by 15-35 per cent.

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