India’s merchandise exports in March 2021 increased an impressive 58.23 percent to 34 billion dollars as compared to 21.49 billion dollars in March last year.
Exports during April-March 2020-21 were 290.18 billion dollars, as compared to 313.36 billion during the same period of last year, exhibiting a negative growth of 7.40 percent.
India’s merchandise imports in March 2021 were 48.12 billion dollars as compared to 31.47 billion in March last year. This is an increase of 52.89 percent. Merchandise imports during April-March 2020-21 were 388.92 billion dollars, as compared to 474.71 billion during the same period of last year, exhibiting a negative growth of 18.07 percent.
India is thus a net importer in March 2021, with a trade deficit of 14.11 billion dollars, as compared to trade deficit of 9.98 billion. This is an improvement by 41.4 percent.
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