INDIAN EXPORTS to reach US$ 195 billion in the first half of current FY

After a much challenging time, Indian exports are finally making a significant recovery. As per reports, exports in the nation are likely to close the first half of the present financial year at around US$ 195 billion, which is a significant achievement.

Union Commerce and Industry Minister, Piyush Goyal believes that exports are on course to reach the US$ 400-billion target this year and a series of measures announced in recent months will pave the way for stronger growth. In 2020, with the outbreak of the pandemic, several logistical challenges surfaced, putting businesses in a tough spot. With the onset of COVID restrictions, shortage of containers and higher shipping rates, the exporters of our country seemed to be in murky waters, as they sought for some immediate aid from the government.