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

The accumulated amount of payments on export of goods and services outstanding with the various financial institutions as on 2nd 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 

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:

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

Government has approved proposal for capital infusion of ₹ 4,400 crore to ECGC Ltd. for the period 2021-22 to 2025-26 to support additional exports of ₹ 5.28 lakh crore over a five year period.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha.

Export Credit Support expanded through government capital infusion to bolster ECGC capacity and address outstanding export financing risks. Reserve Bank of India data show substantial accumulated outstanding export invoice amounts by ageing categories on financial institution books, and ECGC's claim settlement records document significant payouts to banks under Export Credit Insurance Cover for Banks from 2016-17 to 2020-21 and Apr-Sept 2021-22. The government approved a multi year capital infusion into ECGC to increase its underwriting and payout capacity to support additional export transactions over the five year period, as disclosed in a parliamentary written reply.