India’s Exports stood at 670 billion US
dollars (Rs fifty Lakh Crores) during the last financial year 2021-22 despite
global disruptions due to corona pandemic, Prime Minister Narendra Modi
said. Last year, the country had decided
that despite every challenge, it has to cross the threshold of 400 billion US dollars (Rs. 30 lakh crore )
Merchandise Export. We crossed this and created a new record of export of 418
billion US dollars.( 31 lakh crore rupees ). “Encouraged by this success of the
past years, we have now increased our export targets and have doubled our
efforts to achieve them. Collective effort of everyone is very necessary to
achieve these new goals”, he said, further adding that not only short term but
long term targets should be set.
Prime Minister Modi inaugurated 'Vanijya
Bhawan' and launched the NIRYAT portal in Delhi today. Union Ministers Piyush Goyal,
Som Prakash and Ms Anupriya Patel were among those present on the
The Prime Minister said that the
government's emphasis on local products through the Vocal for Local campaign,
'One district, one product' scheme, has also helped in increasing exports
We are also helping and emphasizing on GI
tagging to connect our farmers, weavers and our traditional products with the
export ecosystem.” He also referred to trade deals with UAE and Australia last
year and informed that there has been a lot of progress with other
countries as well.
Referring to the new infrastructure of
the Ministry, the Prime Minister said that this is also time to renew the
pledge of ease of doing business and through that ‘ease of living’ too. Ease of
access, he said, is the link between the two.
is ranked 46th in the Global Innovation Index and is continuously improving.
He had also talked about improving ease
of doing business at that time , today, more than 32000 unnecessary compliances
have been removed. Similarly, GST was new at the time of foundation stone
laying of the building, today, 1 lakh crore GST collection per month has become
Today India has 2300 registered Fin-tech
startups, up from 500, 4 years ago. At the time of the foundation stone laying
of the Vanijya Bhawan India used to recognize 8000 startups every year, today,
this number is more than 15000.