India achieves its highest ever merchandise exports of 417.8 billion dollars
India has achieved its highest ever merchandise exports of 417.8 billion dollars. Commerce and Industry Ministry said, India has achieved highest monthly value of merchandise export in March this year amounting to 40.38 billion dollars. This is an increase of 14.53 percent over 35.26 billion in March last year.
India crossed 400 billion dollar merchandise exports in the current financial year, nine days ahead of schedule. This is the first time ever in history when India has managed to break free of the band of 300 billion dollars which used to be India’s export figure in the past. AIR correspondent reports that agriculture products export has played a major role in this. Exports of agricultural products for the year 2021-22 have crossed 50 billion dollars. This is the highest level ever achieved for agriculture exports.