What’s in the news?
- Prime Minister Narendra Modi has launched a new portal NIRYAT (National Import-Export Record for Yearly Analysis of Trade) – a one-stop place for all info needed on India’s foreign trade.
- The NIRYAT portal will help provide real time data to all stakeholders. From this portal, important information related to more than 30 commodity groups exported to more than 200 countries of the world will be available. In the coming time, information related to district-wise exports will also be available on this. This will also strengthen the efforts to develop the districts as important centers of exports.
- During the last fiscal year, the Prime Minister said despite the historic global disruptions, India’s exports stood at a total (goods and services) of USD 670 billion (Rs 50 lakh crore).
- He added that India’s merchandise exports in 2021-22 crossed USD 418 billion (Rs 31 lakh crore), as against the target of USD 400 billion (Rs 30 lakh crore).