India can reach export target of $650 bn: Goyal
The Union Minister of Commerce and Industry, Piyush Goyal, said that the export target of US$ 650 billion within the current financial year is achievable. Chairing a review meeting of all major export promotion councils (EPC), Goyal said the $400 billion target of merchandise exports is within sight and the services sector should strive for US$ 250 billion in exports, read an official statement. “In December alone, we touched US$ 37 billion in exports despite Omicron fear weighing high. This month, in 15 days till January 15, 2022, we have reached US$ 16 billion,” he said. India recorded the highest-ever monthly merchandise exports in December. India’s merchandise exports in December 2021 were $37.29 billion, indicating a rise of 37 per cent over US$ 27.22 billion in December 2020 and an increase of 37.55 per cent over US$ 27.11 billion in December 2019.