India’s annual goods exports crossed the $400-billion mark for the first time ever, the government announced on Wednesday, buoyed by an increase in shipments of merchandise, including engineering products, apparel and garments, gems and jewellery and petroleum products.
Marking the “first time ever” development, Prime Minister Narendra Modi congratulated the manufacturers, farmers and weavers for achieving this target.
Commerce and Industry Minister Piyush Goyal asserted that neither the COVID-19 pandemic nor the global uncertainties following the Ukraine crisis had affected India’s ability to reach its export goals.
