Value addition is the best method to increase the revenue and profit margin on any particular product or service. The Indian government was working on this methodology to increase the exports of high-valued & value-added products. China was the biggest contender for Indian exporters.
Recent news is a moment of joy for many Indians, as the most ambitious target for $400 billion export surpassed in March 2022. This has shown the power and importance of the Indian Government’s Mission “Atmanirbhar Bharat”.
This news holds even more importance as we are short of completing the Financial year 2021-2022. Merchandise exports were $263 billion in the period April-November 2021.
Prime Minister Narendra Modi has praised India’s achievement by calling it a “key milestone.”