India crosses US$400 bn milestone in exports

Every month, commodities worth almost USD 33 billion were shipped, and about USD $ 1 billion was shipped every day.

India crosses US$400 bn milestone in exports

India's exports surpassed US$400 billion for the first time in a fiscal year, According to data released by the commerce ministry, following adequate contribution of industries such as petroleum products, engineering, gems and jewelry, and chemicals for this growth.

Merchandise exports increased by 37 percent to US$400.8 billion from January to March 2021-22, compared to US$292 billion in 2020-21. Outbound shipments had previously reached a high of US$330.07 billion in 2018-19. Imports totaled US$589 billion throughout the period, resulting in a US$189 billion trade deficit.