India's exports reach $400 bn for the first time ever

Prime Minister Narendra Modi on Wednesday informed that India has achieved the target of 400 billion dollars of goods exports for the first time ever. "I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success, this is a key milestone in our Aatmanirbhar Bharat journey," Narendra Modi tweeted.

On average, every hour USD 46 million goods are exported, USD 1 billion goods are exported everyday and USD 33 billion every month.

The exports in the financial year 2020-21 were USD 292 billion while the exports in 2021-22 are USD 400 billion with a 37 per cent rise.

On March 7, the Commerce and Industry Minister also said that India's merchandise exports have reached USD 390 billion till March 14 of the current financial year and would certainly cross USD 400 billion during the year ending March 31, 2022.