<h1>India's Trade Booms in 2021-22: Exports Up 49.7%, Foreign Reserves Hit $633.6B, Economic Growth Resilient.</h1> India's external trade rebounded strongly in 2021-22, driven by robust capital flows and a significant accumulation of foreign exchange reserves, making it the fourth largest holder globally. Merchandise exports surged by 49.7% from the previous year, with agriculture exports increasing by 23.2%. Despite challenges like global liquidity tightening and COVID-19 variants, India remains on track to meet its US$ 400 billion export target. Imports also grew, reflecting revived domestic demand. Services exports rose by 18.4%, and the current account saw a minor deficit. Overall, the external sector's resilience supports economic growth revival, with foreign exchange reserves reaching US$ 633.6 billion.