India Merchandise Exports at Record High of $418 Billion in FY22

  • India to continue wheat export in a big way, minister says
  • Rising exports to help India’s aim to reduce trade gap

Trucks transporting shipping containers enter the Jawaharlal Nehru Port in Navi Mumbai.

Photographer: Dhiraj Singh/Bloomberg
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India’s goods exports touched a record high of $418 billion in the financial year that ended on March 31, boosting the country’s aim to reduce trade deficit and becoming self-reliant.

The south Asian nation exported wheat worth over $2 billion in the financial year between April 1, 2021 and March 31, 2022, against $530 million in the previous year, trade minister Piyush Goyal told reporters in New Delhi on Sunday.