India records highest-ever monthly exports at $37 billion in December

Achieves three-fourths of annual target as exports cross $300 bn in April-Dec

India exported goods worth $37.29 billion in December, the highest ever in a month, as demand for items such as engineering products, petroleum items, and gems and jewellery continued to soar, the preliminary data released by the commerce and industry ministry showed.

India’s merchandise exports in April-December were nearly $300 billion, up 48.85 per cent year-on-year and 26 per cent against the same period in 2019.

This translates into India achieving three-fourths of its annual export target of $400 billion in the first nine months of FY22.

The number has exceeded the exports of 2020-21, which were at $290 billion.

“With $300