India achieved its highest ever goods export target of USD 400 billion nine days ahead of schedule, far higher than the previous record of USD 330 billion achieved in 2018-19, as sectors like engineering goods,electronics, farm products, petroleum products, textiles and chemicals had boomed in the current financial year. India’s exports surged by 37% from $292 billion in the year 2020-21 to $400 billion in the year 2021-22.
“It is time for a new journey with new goals for Brand India. This is the time for us to establish a new identity of quality and reliability. We have to see that there is a natural demand for high value-added products of India in every nook and corner of the world”Hon’ble PM Shri Narendra Modi
Engineering goods exports rise 50 percent in 2021-22 India exporting more and more of high-value and value-added products. Agri exports rise to a record, helped by rice, wheat, marine products, sugar.
The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal said that the achievement of the lucrative export target showed the world that inspite of facing numerous challenges, with sheer grit, determination, capability and talent, India would surmount all obstacles.
Export of Cotton Yarn/Fabrics/Made-ups, Handloom Products etc, Gems and Jewellery, Other Cereals and Man-Made Yarn/Fabrics./Made-up etc. have registered a growth rate between 50%-60%.
Agriculture sector has made noteworthy progress, especially during the pandemic, with India emerging as a major global supplier of food / essential agriculture products. Agriculture exports buoyancy is driven by commodities such as rice (both basmati and non-basmati), marine products, wheat, spices and sugar, among others, recording the highest ever agricultural products export in 2021-22.