Union minister Piyush Goyal on Monday announced that India has achieved the highest ever exports of $37 billion in December 2021, indicating a 37% jump from December 2020.
The commerce and industry ministry said that India is well on its way to achieving an export target of $400 billion, while also saying that the top 10 major commodity groups constituting 80% of exports have grown by 41% over last December.
“It is a time for all Indians to feel proud that PM Narendra Modi ji’s clarion call to make exports an engine of growth has been taken seriously by all. With $300 billion in the first 9 months of 2021-22 we are on track to achieve our target,” Goyal said.
India’s merchandise export in December 2021, as per government figures, stood at $37.29 billion, the highest ever monthly achievement, with an increase of 37.0% over $27.22 billion in December 2020. The non-petroleum exports in December 2021 was $31.67 billion, registering a positive growth of 27.31% over non-petroleum exports of $24.88 billion in December 2020.
Goyal further said that India’s Missions abroad have reacted very well to PM Modi’s clarion call for ‘Local Goes Global: Make In India For the World’. He also said that the sharp increase in trade deficit with China under the government of Congress-led United Progressive Alliance (UPA) has been brought down considerably by the current NDA government.
He said the imports from China during the UPA government grew by 1,160% between 2003-04 and 2013-14 while it was brought down “drastically to 8% between 2014-15 and 2020-21” under the BJP government.
