India's exports in December 2021 rose 37 per cent on an annual basis to $37.29 billion, according to government data, with Commerce minister Piyush Goyal tweeting that it was the "highest ever goods export in the history of India".
Outbound shipments during April-December 2021 crossed $300 billion, exceeding the exports of 2020-21, as per data provided by the Commerce ministry.
Highest ever goods exports in the history of India in Dec'21!
????Exports over $37 Billion
???? 37% jump over Dec'20
Govt. led by PM @NarendraModi ji is providing a boost to manufacturing sector for building an #AatmanirbharBharat. pic.twitter.com/Uwxdll63WzAddressing a press conference, Mr Goyal said that the country's exports of goods will cross $400 billion this fiscal.
Cumulative export for April-December 2021 period rose to $299.74 billion, which is 48.85 per cent higher than $201.37 billion recorded in the corresponding period of the previous year, the data revealed.
India's merchandise import in December 2021 rose to $59.27 billion, an increase of 38.06 per cent over $42.93 billion in December 2020.
During April-December 2021 period the total import rose to $443.71 billion, an increase of 69.27 per cent over $262.13 billion recorded in the corresponding period of 2020.
The trade deficit in December 2021 was $21.99 billion, while it was $143.97 billion during April-December 2021.
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