Haryana Leads the Pack with Record Export Growth in FY 2023-24: Anurag Bakshi
With a 14.77% surge in merchandise exports, Haryana outpaces major states and spearheads India's export growth.
CHANDIGARH: Haryana has emerged as a frontrunner among the top performing states in exports in the country. It has recorded merchandise exports of INR 146,180 crores (USD 17.65 billion) in FY 2023-24 registering a growth of 14.77% which is the highest growth among the top 7 exporting states in India and thereby retaining its position as the 7th largest exporting State.
In contrast, some of the other major exporting States like Gujarat (-7.27%), Maharashtra (-4.31%), Karnataka (-1.53%), Uttar Pradesh (-2.12%) have registered negative growth. Even at the National level there has been de-growth of 0.06 % in INR value (de-growth of 3% in USD) with exports of USD 437 billion in FY 2023-24 as against USD 451 billion in FY 2022-23.
According to Anurag Bakshi, IRS (Rtd) & Chairman of Haryana Export Promotion Council, Haryana was ranked 6th in terms of growth rate of merchandise exports among the top 7 exporting states in FY 22-23. Whereas, in 2023-24, Haryana has taken 1st place in terms of growth among top 7 exporting states.
“In addition to merchandise exports of INR 1,46,180 crores, Haryana also reported estimated exports of services to the tune of INR 1,29,065 crores taking the total exports of merchandise and services from Haryana in 2023-24 to INR 2,75,245 crores which represents an increase of 12% over and above total exports in 2022-23,” he added.
Bakshi said that the figures of exports of services are only estimated exports of IT sector only because data of export of other services is not immediately available. But if this gets included the total figure of exports from Haryana would be much higher.
While narrating the keys factors behind this remarkable growth in exports, Bakshi said that it was the result of visionary and effective measures taken by the Haryana Government for boosting exports that include setting up of the Foreign Cooperation Department with a dedicated Haryana Export Promotion Council that has been working continuously in this direction.
“Some of the other effective measures taken Government include restoration of enhanced Export Freight Assistance which came as a major relief to the exporters, Haryana being a landlocked State, increasing quantum of Market Development Assistance for facilitating participation of exporters in both domestic and internationals fairs/ exhibitions,” he added.
The Haryana Government has also been reaching out to the African Nations for exploring business opportunities and Haryana became the first State in the country to send a 60-member delegation to participate in the Dar es Salaam International Trade Fair held in Tanzania in July 2023. As a result, exports to Tanzania alone from Haryana have increased by 18% in 2023-24 from INR 441 crores to 518 crores.
Bakshi said that the Haryana Government will continue its efforts in taking effective and appropriate measures for boosting exports and working towards realizing the vision of the Prime Minister Modi for “AtmaNirbhar Bharat”.
