India’s exports in April jumped nearly three-fold to $30.63 billion from $10.36 billion in the same month last year, according to government data released on May 14.
According to reports, imports too rose to $45.72 billion last month as against $17.12 billion in April 2020, the data showed. The trade deficit widened to $15.10 billion as against $6.76 billion in April 2020.
Last year’s April export had plunged by a record 60.28% due to the Covid pandemic-induced lockdown. In March this year, exports grew by 60.29% to $34.45 billion. Due to the low base effect, exports in April 2021 recorded a growth rate of 195.72%.
The Commerce secretary has said that there were no major issues on logistics for exporters due to restriction due to Covid-19, adding that sectors, which have done well in FY21, have done some market diversification.
According to Commerce Ministry data, oil imports stood at $10.8 billion as compared to $4.66 billion in the corresponding month last year.
Some of the main export commodities which have recorded growth last month include jute, carpet, leather, handicrafts, oil meals, petroleum products, chemicals, gems and jewellery, carpet, electronic goods, cashew, marine products, according to government data.