Merchandise Exports Cross Monthly Goods Exports Cross Highest-ever USD 42bn Mark, FIEO President

[ABS News Service/14.04.2022]

The FIEO President said that the top sectors, which has performed impressively during FY 2021-22 were Engineering Goods, Petroleum Products, Gems & Jewellery, Organic & Inorganic Chemicals, Electronic Goods, Cotton Yarn/Fabrics/Made-ups, Handloom Products etc., Agricultural products including Wheat, Rice, Sugar and coffee, Dairy products and Jute including floor covering. Out of these, many of them were labour-intensive sectors contributing majorly to the exports basket, which itself is a good sign, further helping job creation in the country. Further, it is encouraging to see that India's exports to developed economies including US, Netherlands, Singapore, Hong Kong, UK, Belgium and Germany saw a quantum jump during the previous fiscal, which also showcases the increasing strength of manufacturing in exports.

Exports are now set to transform the Indian economy. What is more important is to build on it as we will have benefits of new FTAs/CEPAs and the PLI Scheme backing us. We will build on such remarkable achievements, exuded Dr A Sakthivel.