India’s overall exports are projected to scale new heights, growing at 13.84 percent during FY 2022-23 over FY 2021-22 to achieve USD 770.18 billion worth of exports, according to data made available by Union Finance Ministry.

Merchandise exports have registered the highest-ever annual exports of USD 447.46 billion with 6.03% growth during FY 2022-23 surpassing the previous year's (FY 2021-22) record exports of USD 422.00 billion.

Services export lead the overall export growth and are projected to set a new record annual value of USD 322.72 billion with a growth rate of 26.79 percent during FY 2022-23 over FY 2021-22.