Services Export

UP is targetting to increase merchandise exports to almost Rs 3 trillion in the next three years

"While 2021 was a year in which we defied all odds, 2022 will be the breakthrough year which will unlock the country's exponential value. Services Export for Apr-Dec 2021 reached more than $178 bn despite the Covid-19 pandemic when the Travel, Hospitality & Tourism sectors were significantly down. 'India at 100 will be renowned as a start-up nation as we have added 43 unicorns in 45 weeks, and we should aim for at least 75 unicorns in this 75 week period to 75th Anniversary of Independence," said the commerce and industry minister Piyush Goyal while releasing the NASSCOM Tech Start-up Report 2022.

Minister says opening up of domestic legal services will benefit Indian lawyers as they'd have huge opportunities in Europe, Australia and America. But they must be taken on board on this issue

The country's services exports are expected to grow 10 per cent in 2021-22 due to healthy growth of sectors such as consulting, audio visual, freight transport, telecommunications, according to SEPC.

The country's overall exports of merchandise and services rose to $538.07 billion in 2018-19 from $498.63 billion in 2017-18, up 7.90%

Services export was worth $12.33 billion in the corresponding month a year ago