GeM crossing gross merchandise Value of Rs 2 lakh crore: Piyush Goyal
India has crossed total exports of $750 billion for the financial year 2022-23 and the final figure was expected to cross $765 billion, Union Commerce and Industry Minister.
India has crossed total exports of $750 billion for the financial year 2022-23 and the final figure was expected to cross $765 billion, Union Commerce and Industry Minister.
The merchandise exports in May 2022 were $38.94 Billion as compared to $32.30 Billion in May 2021, exhibiting a positive growth of 20.55 per cent. The estimated value of services export for May 2022 is $23.28 Billion, exhibiting a positive growth of 30.32 per cent vis-a-vis May 2021 ($17.86 Billion).
The rise in India's exports could be attributed largely to the low base effect, pick-up in growth in advanced economies and the resultant increase in global import demand, India Exim Bank said
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