India’s merchandise export during last three years and current year are as follows:
|
Years |
Value of Merchandise export
(US$ Billion) |
| 2018-19 |
330.08 |
|
2019-20 |
313.36 |
| 2020-21 |
291.81 |
|
2020-21 (Apr-Nov) |
174.46 |
| 2021-22 (Apr-Nov)* |
263.42 |
Source: DGCI&S. * Provisional
The accumulated amount of payments on export of goods and services outstanding with the various financial institutions as on 2nd December 2021 as provided by Reserve Bank of India (RBI) is as follows:
|
(Value in Rs Crore) |
||
|
Outstanding export invoice amount for less than 9 months |
Outstanding export invoice amount for more than 9 months |
Outstanding export invoice amount for more than 15 months |
| 14,91,747 | 13,54,134 |
9,90,342 |
Source: RBI
The total amount settled by Export Credit Guarantee Corporation (ECGC) on various default payments to banks under Export Credit Insurance Cover for Banks (ECIB) from 2016-17 to 2020-21 and April-September 2021-22 are as follows:
|
Years |
Claim settled (₹ in Crore) |
|
2016-17 |
655.50 |
| 2017-18 |
1131.47 |
|
2018-19 |
813.39 |
| 2019-20 |
261.64 |
|
2020-21 |
761.87 |
| 2021-22 (Apr-Sept) |
79.52 |
Government has approved proposal for capital infusion of Rs. 4,400 crore to ECGC Ltd. for the period 2021-22 to 2025-26 to support additional exports of Rs. 5.28 lakh crore over a five year period.
This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha on December 08, 2021.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1779397