Country's exports to grow rapidly in FY22, expected to reach $410 billion: Piyush Goyal

Country’s exports to grow rapidly in FY22, expected to reach $410 billion: Piyush Goyal

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new Delhi. Commerce and Industry Minister Piyush Goyal said on Friday that the figure of merchandise exports from the country has so far exceeded USD 380 billion in the current fiscal and will reach USD 410 billion in 2021-22. Dollar is expected to reach

He also said that India and Canada have formally resumed talks for a free trade agreement. It is officially named as the Comprehensive Economic Partnership Agreement (CEPA).

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“As of March 7, 2022, our exports of goods exceed US$ 380 billion,” Goyal said at a dinner hosted in honor of his Canadian counterpart Mary Ng. It is expected that by the end of the financial year it will reach US $ 410 billion. Our services export record will exceed US$240 billion.

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India’s wheat exports increase amid Russia-Ukraine war
Wheat exports from India picked up after a jump in global prices due to Russia’s war against Ukraine. Recently, Food Secretary Sudhanshu Pandey had said that the total wheat export from the country has so far touched a record level of 66 lakh tonnes in the current financial year. He had said that this is an “opportunity” for Indian exporters as the new wheat crop would be available in the country from March 15 as compared to other global producers of wheat.

Tags: export, Piyush goyal

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