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India achieves $400 billion merchandise exports well before target date: Piyush Goyal

The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, today said that the achievement of USD 400 billion exports was the result of a concerted, collective effort by every sector, every stakeholder in the nation. 

Merchandise exports from India have crossed $400 billion in the current financial year, 9 days ahead of schedule. This is far higher than the previous record of USD 330 billion achieved in 2018-19. 

Hon’ble Prime Minister Shri Narendra Modi has tweeted  the following:

“India set an ambitious target of $400 Billion of goods exports & achieves this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success.

This is a key milestone in our Aatmanirbhar Bharat journey.”

The Minister was addressing a Press Conference held to mark the occasion  in New Delhi today. 

Shri Goyal said that the achievement of the lucrative export target showed the world that inspite of facing numerous challenges, with sheer grit, determination, capability and talent, India would surmount all obstacles. 

The Minister expressed his gratitude to all the exporters, farmers, weavers, MSMEs, manufacturers, Indian missions abroad and all other stakeholders who he said, were the real heroes behind this achievement. 

He thanked the Prime Minister, Shri Narendra Modi for  leading from the front and for his relentless focus on exports.  It was the clarion call given by the Prime Minister that inspired the industry to make a quantum jump in exports, he said.

The Minister said that there was a detailed strategy in place, including specific targets set – country-wise, product-wise & EPC-wise, monitoring and course correction, behind the achievement of the export target.

Shri Goyal said that the ‘whole of govt approach’ had been taken to the next level to ‘whole of country approach’ to acheive this remarkable target.  

He also said that the achievement was not just about meeting targets but about building confidence and about exploring new markets. 

The Minister  applauded the media for consistently encouraging businesses through positive reporting, encouraging editorials, helping making this a national mission. 

Underscoring the direct linkage that exports have with employment generation, especially in labour intensive sectors, the Minister said that when products of a brass trader from Moradabad and farmers from Varanasi get appreciated in the global market, it is a testimony to the fact that employment and prosperity is increasing from exports


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