India’s
Exports Rise 6% to Hit $447 billion in FY2022-23
·
Goods
plus Services Reach $770 bn
The
country's imports also grew by 16.5 per cent to $714 billion in 2022-23 as
against USD 613 billion in 2021-22.
The country’s exports rose by
about 6 per cent to a “record” USD 447 billion during 2022-23 on account of healthy
growth in the outbound shipments of sectors such as petroleum, pharma and chemicals
and marine, Commerce and Industry Minister Piyush Goyal said on Thursday
(13.04.2023).
The country’s imports also grew
by 16.5 per cent to USD 714 billion in 2022-23 as against USD 613 billion in 2021-22.
He said that the exports of goods
and services together scaled “new heights” and has increased by 14 per cent to USD
770 billion in 2022-23 as against 676 billion in 2021-22.
“I am delighted to share with
you the outstanding export performance for 2022-23, with India’s overall exports
scaling new heights at USD 770 billion, registering 14 per cent growth over the
previous year and all-time high record growing from USD 500 billion in 2020-21 to
USD 676 billion in 2021-22,” the minister told reporters in Rome.
India’s services exports too
have increased by 27.16 per cent to USD 323 billion in 2022-23 as compared to USD
254 billion in 2021-22.
“This is truly a sign of India’s
expanding our international footprints,” he added.