India clocks highest-ever exports in December
Monthly exports surge 37% to record $37.29 bn; Exports during April-Dec 2021 crossed $300 bn
image for illustrative purpose
New Delhi: India's exports in December surged 37 per cent on an annual basis to $37.29 billion, the highest-ever monthly figure, government data showed on Monday.
Outbound shipments during April-December 2021 crossed $300 billion, exceeding the exports of 2020-21, as per data by the commerce ministry. Addressing a press conference, Commerce Minister Piyush Goyal said India's exports of goods will cross 4400 billion this fiscal.
Mills still waiting to strike export deals: ISMA
Indian sugar mills are still waiting for global sugar prices to rise to enter into further export deals, industry body ISMA said on Monday.
Owing to fall in global prices of raw sugar, not many export contracts happened in the last one month or so, beyond the 38-40 lakh tonne of export contracts which have already been signed, it said in a statement. "Since almost nine months are left for the current season, mills are still waiting for the opportune time to enter into further export contracts," Indian Sugar Mills Association (ISMA) added.
During October-November period of the ongoing 2021-22 season, sugar mills exported over 6.5 lakh tonne of sugar, higher than 3 lakh tonne in the year-ago period. In the domestic market, ISMA said mills sold 47.50 lakh tonne of sugar during October-November, against the government fixed sale quota of 46.50 lakh tonne for the same period. Total sugar production reached 115.55 lakh tonne during the two months under review, as against 110.74 lakh tonne in the year-ago period. The rushing operation is underway in sugarcane growing states.
Maruti Suzuki registers record exports
Maruti Suzuki India shipped over two lakh vehicles in 2021, its highest ever in a calendar year, to various markets across the globe. The company exported 2,05,450 vehicles in 2021, the country's largest carmaker said in a statement.
