New Delhi, Jan 31 (KNN) As per the Economic Survey 2021-22, the export sector is expected to grow at a faster pace leading the economic revival regardless of the multiple downside risks.

The annual report pointed out the boost in India’s merchandise exports and imports over a short period of time, which had not been expected by officials earlier.

In view of the average global trade growth, hike in shipping rates and container shortages, the growth looks optimistic for India.

The survey highlighted the 75 percent achievement out of an ambitious export target of $400 billion set for 2021-22 by exporting goods worth $301.4 billion, which is actually higher than the export target of $300 billion set for the April-December period of 2021-22.

The survey has also showed positive signs indicating an enhanced performance in the export sector, however it has cautioned about risks of global liquidity tightening and continued volatility of global commodity prices, high freight costs, coupled with the fresh resurgence of COVID-19.