In a first, Indian monthly exports cross USD 34 billion for Mar 2021
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New Delhi, Apr 2: India’s merchandise exports in Mar 2021 have shown a progressive graph with an increase of 58.23 per cent, that accounts for USD 34.0 billion as compared to USD 21.49 billion in Mar 2020. The exports during Apr - Mar 2020-21 were USD 290.18 billion, as compared to USD 313.36 billion during the same period of last year.
The passed period exhibited a negative growth of 7.40 per cent. At the same time, India’s merchandise imports in Mar 2021 were USD 48.12 billion as compared to USD 31.47 billion in March 2020, which too is an increase of 52.89 per cent. The merchandise imports during Apr-Mar 2020-21 were USD 388.92 billion, as compared to USD 474.71 billion during the same period of last year and thus exhibited a negative growth of 18.07 per cent.
India is thus a net importer in Mar 2021, with a trade deficit of USD 14.11 billion, as compared to trade deficit of USD 9.98 billion, that is a notable improvement by 41.4 per cent. In Mar 2021, the value of non-petroleum exports was USD 30.79 billionas compared to USD 18.97 billion in Mar 2020, registering a positive growth of 62.3 per cent. The value of non-petroleum, non-gems and jewelry exports in Mar 2021 was USD 27.25 billion, as compared to USD 16.95 billion in Mar 2020, registering a positive growth of 60.72 per cent.
Major commodities of export which have recorded positive growth during Mar 2021, in relation to Mar 2020 include other cereals, oil meals, Iron ore, jute manufacturing that includes floor covering, carpet, electronic goods, gems and jewelry, engineering goods, cereal preparations and miscellaneous processed item, rice, spices, cotton yarn, fabrics and made-ups, handloom products, meat, dairy and poultry products, ceramic products and glassware, drugs and pharmaceuticals, organic and inorganic chemicals, plastic and linoleum, handicrafts, mica, coal and other ores, minerals including processed, Petroleum products, RMG of all textiles, coffee, fruits and vegetables, leather and leather manufactures, tobacco, and tea.