India Achieves Excessive Records Ever Goods Export Target of $400 Billion

India Achieves Excessive Records Ever Goods Export Target of $400 Billion

Now, this thing has become official, for the first time in the history of India that our nation has marked the export figure of $ 400 billion. Until now, the financial year has not even ended and nine days before that India has achieved exports of $ 400 billion. Prime Minister Narendra Modi expressed his view through the Twitter account that today India has set a new record of exporting products worth $ 400 billion i.e. 30 lakh crore rupees. India’s growing exports are a symbol of the strength of our industry, our MSMEs, our manufacturing capability, the strength of our agriculture sector. India has achieved the largest export for the first time ever.  Prime Minister Narendra Modi congratulates our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey. While talking about the record of last year, then that figure was $292 billion. This time, there has been a jump of 37%. China is the world’s largest exporter nation. China is an exceptional exportation country in the world. There is no country that comes in this benchmark.

  This time India has captured a new position in the market. India has once again reclaimed its title in the Gulf region, leaving Brazil behind in agriculture. Many markets that were out of our hands, we have captured them all once again. We particularly focus on engineering goods.

Engineering Goods

The key export sectors that contributed to record healthy growth include petroleum products electronic goods engineering goods, leather, coffee, plastic, readymade garments of all textiles, meat and dairy products, Marine products, and tobacco. The engineering goods sector comprises matter products industrial machinery and equipment automobiles and their components transport, equipment medical devices, and renewable equipment. This sector grows very fast compared to other sectors.

Top 10 export commodities

1. Engineering goods
2. Petroleum products
3. Gems and jewelers
4. Organic and in organic chemicals
5. Drugs and pharmaceuticals
6. Electronic goods
7. Cotton yarn, fabrics, handlooms etc.
8. Ready-made garments
9. Marine products
10. Plastic and linoleum