India’s supply chain is growing, according to Prime Minister Narendra Modi, and items manufactured in the country are seeing strong global demand. The $400 billion in exports in FY22 reflects rising global demand for Indian goods and the country’s strong supply chain. Merchandise exports in 2021-22 were $400.9 billion as of March 21, compared to $280.9 billion in the same period in 2020-21, a 42.7 percent increase. The previous high point was $330 billion in 2018-19. “Once upon a time, India’s exports were valued at $100 billion, $150 billion, and even $200 billion… India’s GDP has now surpassed $400 billion. The Prime Minister expressed satisfaction with the export figures, stating that the power of the people of India is now reaching new markets in “every nook and corner of the world”. “When each and every Indian is vocal for local, it does not take long for the local to become global. Let’s make the local ‘global’ and augment the prestige of our products further,” Modi said. He noted that the milestone in terms of exports has been achieved due to the efforts of the farmers and artisans.
