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