India’s merchandise exports rise to over $30 billion in April

India’s merchandise exports rise to over $30 billion in April

India’s merchandise exports rise to over $30 billion in April

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A mobile crane carries a container at Thar Dry Port in Sanand in Gujarat. Reuters

The low base effect powered India’s merchandise exports to grow by over 195 per cent on year-on-year basis last month. In April 2021, exports grew to $30.63 billion, higher by 195.72 per cent over the $10.36 billion reported in April 2020.

“As compared to April 2019, exports in April 2021 exhibited a positive growth of 17.62 per cent in dollar terms and 26.17 per cent in rupee terms,” an official statement on foreign trade said.

“Non-petroleum and non-gems and jewellery exports in April 2021 were $23.62 billion, as compared to $9.08 billion in April 2020, registering a positive growth of 160.24 per cent.” As compared to April 2019, the non-petroleum and non-gems and jewellery exports in April 2021 registered a positive growth of 20.47 per cent.

Similarly, India’s merchandise imports grew in April 2021, rising to $45.72 billion, with an increase of 167.05 per cent over $17.12 billion in April 2020.

“Imports in April 2021 has registered a positive growth of 7.87 per cent in dollar terms and 15.71 per cent in rupee terms in comparison to