New Delhi: India’s Services exports set a new record of USD 254.4 billion in the financial year 2021-2022. The new record achieved in 2021-22 beats the previous high of USD 213.2 billion in 2019-20, the Ministry of Commerce & Industry stated here today.
Services exports too hit an all-time monthly high of USD 26.9 billion in March 2022.
Telecommunications, computer, and information services, other business services and Transport are the top contributors to Services exports during April-December 2021 (latest available).
India’s overall exports (i.e. Services and Merchandise) touched USD 676.2 billion in the financial year 2021-2022 as both Services and Merchandise hit record high exports in the financial year 2021-2022. India’s overall exports were USD 526.6 billion and USD 497.9 billion in 2019-20 and 2020-21 respectively.
India’s Merchandise exports had crossed the USD 400 billion milestones in Financial Year 2021-2022 and stood at USD 421.8 billion which is a “phenomenal” increase of 44.6 per cent and 34.6 per cent over 2020-21 and 2019-20 respectively.
– global bihari bureau
