India's Export Growth Skyrockets in Latest Report |

Описание: India's Export Growth Skyrockets in Latest Report | #ytshorts #trade #topnews

Indian goods and services exports have crossed the USD 750 bn-mark for the first time, news agency ANI reported Union Commerce & Industry Minister Piyush Goyal as saying at an event on Tuesday. In 2021-22, the country's goods and services exports touched an all-time high of USD 422 billion and USD 254 billion respectively, taking the total shipments to USD 676 billion.
"There's obviously much faster growth in services, but growth in both (merchandise and services exports) is good ... Probably we will end the year with about USD 760 bln (in exports), if not more," Goyal told reporters.

Exports fell 8.82 per cent in February from a year ago, while imports dropped 8.21 percent - the biggest decline in more than two years. Experts in the past few months have expressed concerns around slowing exports owing to recessionary worries and weak global demand.

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