Exports jumped 60 percent in March, a drop of 7% in FY21

Trade deficit reduced to $ 98.56 billion during FY 2020-21

Trade deficit reduced to $ 98.56 billion during FY 2020-21

According to the data, the trade deficit increased to $ 13.93 billion in March 2021 from $ 9.98 billion in March 2020.

New Delhi. The country’s exports increased by 60.29 percent to $ 34.45 billion in March this year as compared to last year. However, in FY 2020-21 (FY21), it fell by 7.26 per cent to USD 290.63 billion as compared to the export turnover of a year earlier.

According to the government data released on Thursday, imports also grew by 53.74 percent to $ 48.38 billion in the month of March. But during April-March in the financial year 2020-21, it was down by 18 percent to $ 389.18 billion.

Trade deficit widened to $ 13.93 billion in March 2021
According to the data, the trade deficit increased to $ 13.93 billion in March 2021 from $ 9.98 billion in March 2020. However, during the entire financial year 2020-21, the trade deficit was reduced to $ 98.56 billion which was $ 161.35 billion in 2019-20.




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