India clocks $100 billion in quarterly exports for the first time
Sakshi Education
For the first ever, India’s exports surpassed the $100 billion mark in the quarter ending September. India clocked a total of $101.89 billion in exports during July-September quarter (FY20-21).
India clocks $100 billion in quarterly exports for the first time
According to an official statement issued by the Ministry of Commerce and Industry, India’s exports reached $197 billion. In September alone, the exports stood at $33.44 billion, as compared to $ 33.28 billion in August and $35.17 billion in July.The aim of $400 Billion exports in a year.
With exports from India touching $197 billion in the first 6 months of the current financial year, the government is leaving stone unturned and has set a target of $400 billion in exports for the financial year.
As per the data issued by the Commerce Ministry, the value of non-petroleum exports stands at $ 28.53 billion in September 2021, registering a growth of 18.72 per cent over non-petroleum exports, which stood at $24.03 billion in September 2020.
In a major boost to export prospects of agricultural produce, India has achieved significant growth of 21.8 per cent in the export of agricultural and processed food products in April-August 2021-22 over the corresponding period of 2020-21.
