India on track to achieve US$650 billion export target in FY22: Piyush Goyal

India's merchandise exports in April-December was over $301 billion, achieving three fourth of its annual exports target of $400 billion in the first nine months of FY22

January 18, 2022

The exports target set for US$45 bn to be accomplished in FY22.

The Commerce and Industry Minister said the service sector should push harder to achieve the set target of US$250 bn.

Last year, India exported merchandise worth US$301 bn.

The issues faced by EPCs to be resolved to help them achieve even higher targets for the upcoming year.

India is on track to achieve the export target i.e US$650 billion for goods and services in the current FY22 according to Commerce and Industry Minister Piyush Goyal.

The target set for merchandise exports i.e. of US$45 billion can be accomplished, and the service sector should also push harder towards achieving the US$250 billion target that was initially set, added Goyal, while chairing a review meeting of all major Export Promotion Councils (EPCs).

Last year, during April-December, India exported merchandise worth US$301 billion and achieved three-fourth of the annual target. During the meeting the Ministeralso assured the EPCs that the government will guide them and resolve their issues to achieve even higher targets for the coming year 2023.