Economic Survey 2022: India’s total exports likely to surpass pre-Covid levels in FY22

According to the Economic Survey given in Parliament, India’s total exports are predicted to expand by 16.5 percent in FY22, reaching pre-pandemic levels.

Despite a spike in trade prices due to global supply restrictions such as fewer operable shipping vessels and exogenous events such as the Suez Canal blockade, merchandise exports have been above $30 billion for eight straight months in FY22.

According to the report, net services exports increased dramatically, with professional and management consulting services, audio visual and allied services, freight transport services, telecommunications, computer and information services driving the increase.