Exports Jump 60.29% In March But Fall By 7.26% In 2020-21

India's exports jumped by 60.29% to $34.45 billion in March but at the same time witnessed a contraction by7.26%during FY21, at $290.63 billion.

Exports Jump 60.29% In March But Fall By 7.26% In 2020-21

Indias exports jump in March 2021: Exports rose in March but contracted in fiscal 2020-21

India's exports jumped by 60.29 per cent to $34.45 billion in March but at the same time they witnessed a contraction by 7.26 per cent during the FY21 fiscal, recording $290.63 billion. Imports also grew by 53.74 per cent to $48.38 billion in March, but dipped by 18 per cent to $389.18 billion during 2020-21, according to the data released on Thursday by the Ministry of Commerce.

Trade deficit during March 2021 widened to $13.93 billion from $9.98 billion in March 2020. The trade deficit during FY21 though, narrowed to $98.56 billion as against $161.35 billion during 2019-20, according to the data.