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Third yr in row, Guj tops in exports.
Jun 07, 2023
For the third consecutive financial year, Gujarat has remained the top exporter of India. For 2022-23, Gujarat’s total exports have been pegged at Rs 12 lakh crore, which is 27% higher than the exports made in 2021-22. Gujarat’s share in India’s total exports remained 33% in 2022-23. It was 30% in 2021-22.
Among the states, Maharashtra was earlier the highest exporter and Gujarat was in second position. However, in 2020-21, Gujarat overtook Maharashtra with a narrow margin but thereafter the gap has increased and Gujarat has left Maharashtra far behind.
An official of Director General of Foreign Trade (DGFT) said after the full implementation of GST, they get accurate figures of export from all states. 'In 2020-21, we started getting accurate data from the states but that year the world was under Covid-induced lockdown. Thereafter, Gujarat’s export figures jumped over 100%,’’ the official said. Exporters say the major contribution to Gujarat’s export figures is petroleum products. Because of the war between Russia and Ukraine, there is a significant rise in India’s import of crude from Russia and export of refined petroleum products. India’s export of petroleum products increased more than 60% in last financial year and Gujarat was the major contributor.
Among the other major exporting items are ceramics, pharma, engineering goods, jems and jewellery, and chemicals. After implementation of GST, many Surat-based diamond units have started exporting from Surat instead of doing it from Mumbai where they have their offices.
A leading ceramic exporter from Morbi said the weak rupee against dollar also helped exporters in offering competitive rates in the international markets. 'We could reduce our margins to give a tough fight to our competitors and it helped us in getting more orders,' said Anil Detroja.
timesofindia.indiatimes.com
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