India’s exports have jumped nearly three-folds from April last year to reach $30.21 billion
Bengaluru: As per an Economic Times report, India’s exports have jumped nearly three-folds from April last year to reach $30.21 billion, thereby giving a good news to the Indian Economy.
It might be recalled that last year, all thanks to the lockdown, the exports had seen a steep fall of 60.28 per cent to just $10.17 billion.
So what are the products exported?
They include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.
At the same time, just like exports, imports also surged from $45.45 billion compared to $17.09 billion in April last year. Thus, the country's trade deficit for the bygone month stands at $15.24 billion.
April's robust export performance also gains significance as it comes after in bygone March, India had recorded a 60.29 per cent jump in exports to $34.45 billion.
“The impressive growth reiterates our assessment that the order booking position of our exporters is extremely good and with gradual improvement of the situation in the country, will push exports growth further,” Sharad Kumar Saraf, President, Federation of Indian Export Organisations (FIEO) was quoted by Business Standard.
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Last Updated May 4, 2021, 2:32 PM IST