Exports jump 58% to $34 bn in March, but fall 7% in FY21: Govt data

The country's exports jumped by 58.23 per cent to $34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry's provisional data.
Exports during April-March 2020-21, however, dipped by 7.4 per cent to $290.18 billion compared to $313.36 billion in 2019-20, the data showed.
Imports during 2020-21 contracted by 18 per cent to $388.92 billion compared to $474.71 billion during 2019-20.
In March 2020, the exports stood at $21.49 billion, which was a decline of about 34 per cent over March 2019 due to global slowdown induced by the Covid-19 crisis.
"India's merchandise exports in March 2021 were $34.0 billion as compared to $21.49 billion in March 2020, an increase of 58.23 per cent," the ministry said in a statement.

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