New Delhi: India’s services exports set a new record of $ 254.4 billion in the financial year 2021-2022. The new record achieved in 2021-22 beats the previous high of US $ 213.2 billion in 2019-20. Also, services exports hit an all-time monthly high of $ 26.9 billion in March 2022.

Telecommunications, computer, and information services, other business services and transport are the top contributors in services exports during April-December 2021. India’s overall exports – that is services and merchandise – touched $ 676.2 billion in the financial year 2021-2022 as both services and merchandise hit record high exports in the financial year 2021-2022.

 India’s overall exports were USD 526.6 billion and USD 497.9 billion in 2019-20 and 2020-21 respectively. India’s merchandise exports had crossed USD 400 billion milestone in the financial year 2021-2022 and stood at USD 421.8 billion, which is a phenomenal increase of 44.6 per cent and 34.6 per cent over 2020-21 and 2019-20 respectively. /BI/