Home Economy Exports surge in April on low-base effect

Exports surge in April on low-base effect


India’s exports in April jumped nearly threefold to $30.63 billion from $10.36 billion in the identical month final 12 months, in line with authorities information.

Imports, too, rose to $45.72 billion final month as in opposition to $17.12 billion, the information confirmed. Trade deficit widened to $15.10 billion as in opposition to $6.76 billion.

Exports in April final 12 months had plunged by a document 60.28% as a result of pandemic-induced lockdown.

In March this 12 months, exports grew by 60.29% to $34.45 billion.

Due to the low base impact, exports in April 2021 recorded a progress price of 195.72%.

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