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Indian exports grew in April by 197%, with sector-wide growth

Indian exports grew in April 2021

In April2021, India’s goods exports increased by 197.03 percent to $30.21 billion, compared to April2020, when exports plummeted due to the national lockdown and halt in manufacturing to combat the Covid-19 pandemic. 

According to early estimates released by the Commerce & Industry Ministry on Sunday, goods imports increased 165.99 percent to $45.45 billion in April 2021, widening the trade deficit to $15.24 billion, which was 120.34 percent higher than the deficit in the same month last year.

SOURCE: Hindu Businessline

Indian exports grew in April 

Exports shrank by a record 60.28 percent in April 2020 as a result of the Covid-19 pandemic-induced lockdown last year. Exports increased by 60.29 percent to $34.45 billion in March of this year.

Oil imports in April 2021 totaled USD 10.8 billion, up from $4.65 billion in the same month last year.

Gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products, and chemicals are among the major export commodities that saw positive growth in April.

Exports shrank by a record 60.28 percent in April 2020 as a result of the Covid-19 pandemic-induced lockdown last year. Exports increased by 60.29 percent to $34.45 billion in March of this year.

Oil imports in April 2021 totaled USD 10.8 billion, up from $4.65 billion in the same month last year.

Gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products, and chemicals are among the major export commodities that saw positive growth in April.

How can India become a global export hub?

In April 2021, both exports and imports increased by 16.03 percent and 7.2 percent, respectively, over April 2019. (a normal month with no lockdown)

Non-petroleum exports doubled to $26.85 billion in April 2021, up from $22.48 billion in April 2020 and up 19.44% from $22.48 billion in April 2019.

Oil imports increased by 132.26 percent to $10.8 billion in April 2021, while non-oil imports increased by 178.6 percent to $34.65 billion, compared to the same month the previous year.

Indian exports grew in April 

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Indian exports grew in April Indian exports grew in April Indian exports grew in April 

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