4 min read.Updated: 27 Jun 2022, 12:44 AM ISTNikhil Gupta
Our recent surge in trade performance was due to numbers enlarged by worldwide inflation more than a sign of real success
After stagnating at about at level of about $300 billion for almost a decade, India’s merchandise exports increased strongly to an all-time high of $421 billion in 2021-22, rising from 11% of gross domestic product (GDP) each in 2019-20 and 2020-21 to a seven-year high of 13.3% of GDP in 2021-22. This implies an annual growth of 44.7%, the highest ever since independence. Although this export surge in is very impressive, it must be considered in the light of a sharp increase in commodity prices. Therefore, we must understand real export growth before being swayed by nominal numbers.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.