Exports increased 80 percent
Exports in the first week of this month increased by 80 percent to $ 7.04 billion compared to the same period last year.
New Delhi: The country’s export business continues to grow steadily. Exports in the first week of this month increased by 80 percent to $ 7.04 billion compared to the same period last year. This information was given in the preliminary figures of the Ministry of Commerce. According to the data, last year, during May 1 to 7 in 2020, exports of $ 3.91 billion were exported, while in the same period of 2019, exports of $ 6.48 billion were done. Imports also rose by 80.7 percent to $ 8.86 billion during this period, from $ 4.91 billion in the same period last year and $ 10.39 billion in 2019. Also read: Petrol Price Today: Relief! Petrol and diesel prices did not increase, know today the price of 1 liter Exported $ 10.17 billion In the month of April 2021, the country’s export business has increased nearly three times to $ 30.21 billion compared to the same month a year ago. Due to the lockdown in April 2020, only $ 10.17 billion was exported from the country. During this period, the export business of gems and jewelery, jute, carpets, handicrafts, leather, electronic goods, oil spoil, cashew, engineering, petroleum products, marine products and chemicals was better. Federation of Indian Export Organizations (FIEO), Federation of Exporters’ Organizations, SK Saraf said that export growth is very encouraging and exporters have good orders. Also read: 2118 bank branches closed till now after merger, check which banks are included in this list
He said, “I would like to ask the government to look into the Commercial Commodity Export Scheme (MEIS) from India and the RODTEP rates of refund of duty and taxes on export products for the convenience of exporters and announce it under it at the earliest Because it is impacting the margins of exporters. ”