NEW DELHI: India's exports are set to hit a new record in the current fiscal year, a report by economists at State Bank of India (SBI) said. Last year, India achieved record exports worth $420 billion, surpassing its target of $400 billion during the year. The feat was achieved 9 days ahead of the scheduled deadline of March 31, 2022.
SBI's latest Ecowrap report said that Prime Minister Narendra Modi's 'One District One Product' scheme has led to several states quadrupling their exports. In addition, exports of finished or intermediate goods, push from production linked incentives scheme, and multi-year high commodity and food prices have also contributed to this export growth.
