Bikky Khosla | 19 Jul, 2021
exports In June, 2021 rose to $32.50 billion, 48.34 percent higher than $21.91
billion recorded in June 2020, and 29.85 percent higher than the June 2019 mark
of $25.03 billion. These monthly figures are encouraging. Such a growth pattern
clearly reflects the strength of the Indian exports sector, and with global
demand increasing amid easing Covid curbs across the globe, it seems brighter
days are ahead for the sector.
Exports had grown to $30.63 billion in
April and further to $32.27 billion in May this year, and with the robust growth
registered in June, India has now achieved the highest-ever quarterly growth in
exports by more than 85 percent with $95 billion over FY 2020-21 and by about
18 percent over FY 2019-20. This trend inspires optimism, again. It seems overall
economic recovery will be led by exports in the coming months.
Meanwhile, a deeper look into the first quarter exports figures shows that ten
sectors, including engineering goods, handloom, electronic goods, marine products,
cotton products, drugs & pharmaceuticals, etc. performed impressively. These
are labour-intensive and employment generating sectors, and this is, no doubt, good
news for the overall economy. It is also noteworthy that majority of these
sectors are highly populated by MSME exporters.
Meanwhile, recently we have seen
several small but positive developments in the sector. For example, in a first, a
commercial shipment of Mishri variety of Kashmiri cherries was exported to
Dubai. Similarly, in an initiative to boost mango export potential from the
eastern region especially to Middle East countries, APEDA exported a consignment
of GI certified Fazil mango to Bahrain. Such product and market diversification
initiatives are really praiseworthy.
I invite your opinions.