India’s export performance continues to be impressive in April this year with merchandise exports accelerating by an impressive 195.72 per cent over April 2020 levels and 17.62 per cent over the April 2019 levels. Merchandise exports, excluding POL and Gems and Jewellery, have increased by 160.24 percent in April this year over the same period of 2020-21 and by 20.47 percent over the same period of 2019-20.
The Economic recovery is also visible in the rising import growth of 167.05 per cent during the month of April this year over the same period of 2020-21 and 7.87 per cent in April this month over the same period of 2019-20.
Service exports estimated for the month of April this year are 21.17 billion dollars registering a positive growth of 28.68 percent as compared to April 2020. The estimated value of services import for April 2021 is 13 billion dollar, registering a positive growth of 39.75 percent vis-à-vis April 2020.