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India-Bangladesh export rises to 64.5%

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NEW DELHI : India’s merchandise exports to Bangladesh went up by 64.5 per cent in the financial year 2021-22 (April to March) over the previous fiscal 2020-21, Commerce Ministry data said .

The increase in exports to Bangladesh helped India’s overall merchandise exports reach $417.8 billion in the financial year 2021-22 and it is likely to exceed $418 billion to reach an all-time high in India’s export history.

India’s merchandise exports have also seen a significant increase to other countries, especially, developed countries, Indian Commerce Minister Shri Piyush Goyal told reporters in New Delhi.

However, the minister did not mention the amount of Indian exports to Bangladesh.

Exports of major commodities include petroleum products (152.1 per cent); cotton yarn, fabrics and handloom products (55.1 per cent), and gems and jewellery (49.6 per cent) among other products.

One of the impressive growths has been seen in the agriculture sector especially during the Covid-19 pandemic, Goyal said.

He also said that India would step up wheat supplies to countries hit by the Ukraine war.

“We will continue to export wheat in a big way to meet needs in countries, who are not getting supplies from conflict areas. We are likely to exceed our wheat exports by over 10 million tonnes in 2022-23,” Goyal said.

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