India’s exports surge 80% to $7bn during first week of May
India's exports in April jumped nearly three-folds to $30.21 billion from $10.17 billion in the same month last year
During the first week of the current month, India's exports grew by 80 percent to $7.04 billion continuing the positive growth.
Data of May 2019 shows that exports during first week of May stood $6.48 and $3.91 in 2020, reports The Economic Times.
Imports too rose by 80.7 per cent to $8.86 billion during May 1-7, 2021 as against $4.91 billion in the same period last year and $10.39 billion in 2019.
India's exports in April jumped nearly three-folds to $30.21 billion from $10.17 billion in the same month last year.
Major export commodities which are recording healthy growth include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.
Federation of Indian Export Organisations (FIEO) President S K Saraf said that the exports growth is encouraging and order books of exporters are healthy.
"I will urge the government to look into the issues of MEIS (merchandise export from India scheme). RoDTEP (remission of duties and taxes on export products) rates should allso be announced immediately to further push the shipments as profitability of exporters are getting impacted," he said.
