November 23, 2024 01:05 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
India’s services exports hit record $254.4 billion in FY22
Services Export
Image Credit: Pixabay

India’s services exports hit record $254.4 billion in FY22

| @indiablooms | 05 May 2022, 01:33 am

New Delhi: India’s Services exports set a new record of $254.4 billion in the financial year 2021-2022, the Ministry of Commerce & Industry said Wednesday.

The new record achieved in 2021-22 beats the previous high of $213.2 billion in 2019-20. Also, services exports hit an all-time monthly high of $ 26.9 billion in March 2022.

Telecommunications, computer, and information services, other business services and transport are the top contributors in services exports during April-December 2021 (latest available). 

India’s overall exports (i.e. services and merchandise) touched $676.2 billion in financial year 2021-2022 as both services and merchandise hit record high exports in the financial year 2021-2022. 

India’s overall exports were $526.6 Billion and $497.9 billion in 2019-20 and 2020-21 respectively.

India’s merchandise exports had crossed the $400 billion milestone in the financial year 2021-2022 and stood at $421.8 billion which is a jump of 44.6 percent and 34.6 percent over 2020-21 and 2019-20 respectively.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.