NEW DELHI, Apr 3 (NNN-PTI) – India’s total exports touched 34 billion U.S. dollars in Mar, up over 58 percent from the same month last year, according to the latest data by the ministry of commerce and industry.
Exports during the financial year 2020-21 (Apr, 2020-Mar, 2021) were 290.18 billion U.S. dollars, compared to 313.36 billion U.S. dollars the previous financial year, recording a negative growth of 7.4 percent, according to the data.
Federation of Indian Export Organisations’ (FIEO) President, Sharad Kumar Saraf said, the whopping double-digit growth of almost 58.5 percent in Mar, showed not only an impressive sign of further revival for the sector, but for the overall economy as well.
“This has been mainly on account of 28 out of 30 major product groups of exports, showing either a very impressive high positive growth, starting with triple digit and almost all ending with a very high double-digit growth, defying all odds during these difficult times,” said Saraf.
India’s total imports in Mar, 2021, were 48.12 billion U.S. dollars, compared to 31.47 billion U.S. dollars in Mar, 2020, thus registering an increase of 52.89 percent.
India remained a net importer in Mar, 2021, with a trade deficit of 14.11 billion U.S. dollars, compared to a trade deficit of 9.98 billion U.S. dollars in Mar, 2020, the ministry’s data showed.– NNN-PTI
