December's goods export statistics were historic and unprecedented: Piyush Goyal is an Indian businessman
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04 January 2022, Mumbai:
India's goods exports in December 2021 totaled the US $ 37.29 billion, the biggest monthly total ever. This is a 37 percent increase over US $ 27.22 billion in December 2020 and a 37.55 percent increase over the US $ 27.11 billion in December 2019. (for December 2021) (preliminary data).
Greetings to all exporters, Export Promotion Councils (EPCs), and Indian Embassy employees throughout the world who have contributed to this success. Union Minister for Commerce and Industry, Textiles, Piyush Goyal, called it a historic achievement and credited it to Prime Minister Narendra Modi's leadership.
In December 21 compared to December 20, India's garment exports climbed by 22.13 percent, while cotton yarn/fabrics/made-ups, handloom items, and other exports increased by 45.73 percent.
It is worth noting that garment exporters have been receiving solid orders for the last few months and are confident that they will continue to do so in the near future; nonetheless, they are wary of Omicron and are cautiously booking orders.
Apparel and textile items, in particular, are among the top ten major commodity groupings. The extraordinary export rise combined with orders in hand, according to A. Sakthivel, President of the Federation of Indian Export Organisations (FIEO), would assist India's exports to develop much more.
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