PM steps in to launch national mission to meet $400 billion export target

Prime Minister Narendra Modi on Friday will launch a national effort to achieve the target of $400 billion worth merchandise exports in the current fiscal. India has met nearly a third of its annual target in the first four months of 2021-22. Modi will virtual interact with heads of Indian Missions abroad, along with various other stakeholders in the trade and commerce within the country .
Over the last nine years, merchandise exports from India have hovered around $260-330 billion, with the highest ever being $330 billion in 2018-19. Robust exports can boost economic growth at a time when other factors such as private consumption as well as investment have been tepid due to the disruption caused by the Covid-19 pandemic.