Exports rise 80% to $7 bn right through first week of May: Business Ministry


Continuing a positive growth, India’s exports grew by 80 per cent to $ 7.04 billion right through the first week of this month, according to preliminary data of the trade ministry.

Exports right through May 1-7 final year stood at $ 3.91 billion and $ 6.48 billion in the same week of May 2019, data showed.

Imports too rose by 80.7 per cent to $ 8.86 billion right through May 1-7, 2021 as against $ 4.91 billion in the same period final year and $ 10.39 billion in 2019.

India’s exports in April jumped almost three-folds to $ 30.21 billion from $ 10.17 billion in the same month final 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 can 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 must allso be announced immediately to further push the shipments as profitability of exporters are getting impacted,” he said.

(Only the headline and picture of this outline may have been reworked by the Commerce Standard staff; the remainder of the satisfied is auto-generated from a syndicated feed.)

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