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India’s exports reach its highest level at $417.81 billion

India’s exports reach its highest level at 7.81 billion


Business

oi – Ankur Singh

,

Updated: Tuesday, April 5, 2022, 8:02 [IST]

New Delhi, April 05.
India has made great achievements in the field of exports. India’s exports have reached a record high. India’s exports have seen an increase of 43.18 percent. With this increase, India’s exports have reached their all-time high at $417.81 billion. This figure is as of 31 March 2022. However, during this period, India’s imports are still higher than exports and it is $ 610.22 billion, due to which the country has a trade deficit of $ 191.41 billion. According to the statement issued by the Government of India, exports grew by 43.18 percent i.e. $ 291.81 billion in the financial year 2021-22, while in 2020-21 it increased by 33.33 percent i.e. $ 313.36 billion.

India’s exports reach its highest level at 7.81 billion

For the first time, monthly exports in the country have reached a peak of $ 40 billion. Exports stood at $40.38 billion in March 2022, an increase of 14.53 per cent over March 2021. Exports stood at $35.26 billion in March 2021. On the other hand, in March 2020, exports were worth $ 21.49 billion at that time. Imports stood at $610.22 billion in the fiscal year up to March 31, 2022, as compared to $474.71 billion in 2019-20. Non-petroleum exports in March 2022 stood at $33 billion in March 2022, an increase of 4.28 per cent over the previous year.

According to the report, India has done the maximum export with America. The United Arab Emirates is followed by the United Arab Emirates at second place, China at number three, Bangladesh at fourth, Netherlands at fifth. Expressing happiness over this achievement of India, PM Modi said that it is a milestone towards becoming self-reliant. Let us tell you that India exported a large amount of petroleum products, jewellery, chemical substances and engineering goods, due to which the country has reached this record.



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