India's annual exports cross 750 billion USD: minister

NEW DELHI, March 28 (Xinhua) -- India's overall exports, including services and merchandise, have crossed the all-time high of 750 billion U.S. dollars during the current financial year 2022-23 (April 2022-March 2023), said federal Commerce and Industry Minister Piyush Goyal on Tuesday.

According to the minister, India's overall exports have grown by nearly 250 billion dollars during the past three years.

"The exports have risen from 500 billion dollars in 2020-2021 to this figure in extremely challenging times," Goyal said at the annual session of the Associated Chambers of Commerce and Industry of India.

The exact figures of India's exports and imports during the current financial year are expected to be released at the financial year's conclusion later this week.

The commerce minister also said that over the last nine years the Indian government had been focused on building foundation blocks for uninterrupted and sustainable economic growth.

India aims to become a self-reliant nation, and "making India self-reliant is not about closing doors but about opening them wider," he added.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Russia and Ukraine say ammonia pipeline was damaged, in potential blow to grain deal
Villagers survey flooded homes and wait for help after Ukraine dam breach
Pakistan's Imran Khan formally named in 'abetting' lawyer's drive-by murder
Lithuania migrant detention law is unconstitutional -top court
Sudan military factions battle over weapons and fuel depots
Ex-US Vice President Mike Pence to launch 2024 election bid, challenging Trump
Exclusive-Kosovo president open to new elections in Serb-majority municipalities
Philippine court denies bail for top Duterte rival after 6 years detained
Prince Harry finishes evidence in phone-hacking case against UK tabloid
Pope Francis in hospital for second abdominal surgery in two years

Others Also Read