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Home»NEWS»Good news on the export front, 300 percent jump in exports in April
NEWS

Good news on the export front, 300 percent jump in exports in April

Bhagyashree SoniBy Bhagyashree SoniApril 11, 2021Updated:April 12, 2021No Comments2 Mins Read
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Good news on the export front, 300 percent jump in exports in April
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The country is growing rapidly in the direction of economic reform, due to which there has been a spurt in industrial activities. India’s total exports in the first week of April stood at $ 6.8 billion compared to $ 1.7 billion in the same period last year. In this way, on an annual basis, the lockdown was announced in the entire country on 25 March last year. It was $ 6.3 billion in the same period of April 2019. Compared to that, it has risen by 8 percent.

Along with exports, imports have also registered a boom. Total imports in the first week of April stood at $ 9.7 billion, compared to $ 2.8 billion in the first week of April 2020. However, this is less for the same period as April 2019. There has been a big jump in imports, especially in oil imports. The price of crude oil is increasing, due to which imports are being made on a large scale. Exports are witnessing a spurt in exports, especially in engineering, gems & jewelery and petroleum products.

India’s exports in March

India’s export turnover increased by 58.23 percent to $ 34 billion in March 2021. In March 2020 it was $ 21.49 billion. Exports during April-March 2020-21 stood at $ 290.18 billion as against $ 313.36 billion in the same period last year, showing a negative growth of 7.40 percent.

Goods Import in March

India’s merchandise imports stood at $ 48.12 billion in March 2021 as compared to $ 31.47 billion in March 2020 last year, thus registering an increase of 52.89%. During April-March 2020-21 goods imports stood at $ 388.92 billion as compared to $ 474.71 billion in the same period last year, showing negative growth of 18.07 per cent. Thus, India was a net importer in March 2021 with a trade deficit of $ 14.11 billion, which was $ 9.98 billion a year ago.

Read also, big news! SBI is charging Rs 18 on digital transactions and card swipes from its account holders, know the whole thing

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Bhagyashree Soni
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Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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