Share of goods and services export in India's GDP rises to 21.4 pc from 18.7 pc in 2020-21

The share of export of goods and services in India's gross domestic product (GDP) rose to 21.4 per cent in the financial year 2021-22 from 18.7 per cent recorded in the previous year, the government data showed.

The share of export of goods and services in India's gross domestic product (GDP) rose to 21.4 per cent in the financial year 2021-22 from 18.7 per cent recorded in the previous year, the government data showed. India's export of goods and services rose to Rs 50,63,885 crore in the financial year 2021-22 while the country's GDP stood at Rs 2,36,64,637 crore during the year, Minister of State for Commerce and Industry Anupriya Patel said in a written reply in the Rajya Sabha.

The overall share of goods exports in GDP has increased from 10.9 per cent in 2020-21 to 13.3 per cent in 2021-22. In the financial year 2017-18, the share of export of goods and services stood at 18.8 per cent of the GDP. It rose to 19.9 per cent in 2018-19, but declined to 18.7 per cent in 2019-20. During the financial year 2020-21, the share of export of goods and services stood steady at 18.7 per cent of the GDP. (ANI)