Lok Sabha Question No. 1819 (UNSTARRED), answered on 2021-12-08
Subject: Export Turnover
Ministry: COMMERCE AND INDUSTRY
Asked by: P. Velusamy

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 1819 TO BE ANSWERED ON 08 th  DECEMBER, 2021

## EXPORT TURNOVER

## 1819.  SHRI VELUSAMY P.:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- (a) the total merchant export turnover during the last three years and the current year;
- (b) whether the Government is having any data on default payment on exports;
- (c) if so, the accumulated amount outstanding with the various financial institutions till date;
- (d) the total amount settled by the ECGC (Export Credit Guarantee Corporation) till date to various default payments to banks;
- (e) whether the Government is having any proposal to infuse capital to support ECGC; and
- (f) if so, the details thereof?

## ANSWER

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SMT. ANUPRIYA PATEL)

## (a): 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 |

Sourc: DGCI&S. * Provisional

- (b) & (c): The accumulated amount of payments on export of goods and services outstanding with the various financial institutions as on  2 nd  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

- (d): 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:
- (e) & (f): 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.

| Years                    | Claim settled (₹ in Crore)   |
|--------------------------|------------------------------|
| 655.50                   | 2016-17                      |
| 1131.47                  | 2017-18                      |
| 813.39                   | 2018-19                      |
| 261.64                   | 2019-20                      |
| 2020-21 761.87           |                              |
| 2021-22 (Apr-Sept) 79.52 |                              |

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