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India's exports hit a new high of $197.89 billion in the first half of FY22, putting it on track to surpass the $400 billion mark by the end of the year. However, the surge is primarily due to rising global commodity costs, which include critical inputs such as oil, chemicals, metals, plastic, and cotton. Traders and industry experts believe the volume rise isn't keeping pace with the value growth.
RECORD EXPORTS IN APRIL-SEPTEMBER
Apr-Aug
EXPORTERS SAY