Monthly high of export in December 2021
Ministry of Commerce and Industry recently released the monthly goods export report of India. As per the report, in December 2021, India exported goods worth $37.29 billion, hitting an all-time monthly high. India has hit a monthly export high as the demand for petroleum and engineering products, jewellery, and gems soared in December 2021. The merchandise exports reached $300 billion from April to December, higher by 48.85 per cent y-o-y and 26 per cent against the same period in 2019, thus achieving three-fourths of its annual export target of $400 billion in the first nine months of FY2021-22. Commerce and Industry Minister Piyush Goyal said, “With $300 billion in the first nine months of 2021-22, we are back on track to achieving our target.”