India has recorded the highest ever monthly merchandise export in July this year. The merchandise exports rose to 35.17 billion dollar in July, an increase of 47.91 per cent over the same period last year.
Commerce and Industry Minister Piyush Goyal said, Prime Minister Narendra Modi’s vision for Aatmanirbhar Bharat has given a boost to exports. He said, the Indian Merchandise Exports has increased to 22 per cent in April to July this year over the same period of 2019. Mr Goyal said, India’s exports have covered 32.64 per cent of its annual target of 400 billion dollar.
The top five commodity groups of export which have recorded positive growth during July this year are – Petroleum Products, Gems and Jewellery, Other Cereals, Man-made fabrics, and Cotton Fabrics, Handloom Products.