India achieves $400 billion goods exports target for first time.
Prime Minister Narendra Modi on Wednesday said that for the first time, India achieved its target of reaching $400 billion in exports.
“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. This is a key milestone in our Aatmanirbhar Bharat journey. #LocalGoesGlobal,” Modi said in a tweet.
India’s goods exports in FY21 were $298.1 billion.
The Prime Minister also posted infographics of India achieving the highest ever exports target nine days ahead of the intended deadline. As per the graphic, an average of $46 million worth of exports were done every hour.
“India on the path to becoming an Export Powerhouse! PM @NarendraModi ji inspired confidence & led from the front through our journey to $400 billion goods exports target,” commerce and industry minister Piyush Goyal posted in a tweet, adding that this success is achieved nine days ahead of schedule & is a blueprint for AtmaNirbhar Bharat.
India’s merchandise exports in April-February 2021-22 was $374.81 billion as against $256.55 billion during the year-ago period, registering a growth of 46.09%.