new Delhi: Prime Minister Narendra Modi on Wednesday lauded India’s success in achieving the $400 billion product export target in the current financial year, saying it would play a vital role in making the country a ‘self-reliant India’. Important stage. India has achieved product export target of $400 billion nine days ahead of schedule. This is the first time that India has exported products worth $400 billion.
India’s exports have increased by 37 percent to reach $ 400 billion in the current financial year. It stood at $292 billion in the financial year 2020-21. India’s previous best performance in terms of exports was $330.07 billion in 2018-19. In one of his tweets, the Prime Minister said that India had set an ambitious target of $400 billion in product exports and has achieved this milestone for the first time.
Congratulating the farmers, artisans, MSMEs, manufacturers, exporters on this success, he said, “This is an important milestone in our journey of self-reliant India.” Along with this, the Prime Minister has also shared some graphics in which it is mentioned that India has achieved the highest export target ever. According to these graphics, the government is in close touch with the states and districts and is also engaged with them for speedy resolution of the issues related to exporters. According to this, active interaction with Export Promotion Councils, Industry Associations and other stakeholders has greatly helped the country in achieving this goal.
India exported an average of $33 billion worth of products every month in the fiscal year 2021-22. Thus, on an average, more than a billion dollars worth of products were exported every day. In particular, petroleum products, electronic products, engineering products, leather, coffee, plastics, readymade apparel, meat and milk products, marine products and tobacco have played an important role in export growth.
Terming this as a remarkable achievement for the country, Ajay Sahai, Director General, Federation of Indian Export Organizations (FIEO) said that despite all the logistic challenges, the exporters have increased exports by $110 billion in a single year. He said that it is more important to keep this series going and take it forward. He said that free trade agreements and production linked incentive (PLI) schemes with some countries will also support this. (agency)