Exports cross $400 billion annual target

Exports cross $400 billion annual target

Part of: Prelims and GS III – Economy

• India’s annual goods exports crossed the $400 billion mark for the first time ever, buoyed by an increase in shipments of merchandise including engineering products, apparel and garments, gems and jewellery and petroleum products.
• Exports had reached $331.02 billion in the pre-pandemic fiscal year of 2018-19. Shipments have so far increased by $25.19 billion during the month of March and by March 31, the total figure is expected to be $410 billion