India's exports in April jumped nearly three-folds to $30.21 billion from $10.17 billion in the same month last year, according to commerce ministry's preliminary data released on Sunday.
Imports too rose to $45.45 billion last month as against $17.09 billion in April 2020.
"India is thus a net importer in April with a trade deficit of $15.24 billion, which increased by 120.34 per cent over the trade deficit of $6.92 billion in April 2020," the ministry said in a statement.
Due to the Covid-19 pandemic induced lockdown last year, exports shrank by a record 60.28 per cent in April 2020. In March this year, exports grew by 60.29 per cent to $34.45 billion.
In April 2021, oil imports stood at $10.8 billion as compared to $4.65 billion in the corresponding month last year.
Major export commodities which have recorded positive growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU