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Exports up 58.23 pc y-o-y to $34 billion in March
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SME Times News Bureau | 01 Apr, 2021
The base effect pushed India's merchandise exports to its highest-ever
monthly year-on-year growth rate of 58.23 per cent to reach $34 billion
in March 2021, preliminary data showed on Thursday.
The country's
merchandise exports during the month under review increased to $34
billion as compared to $21.49 billion in March 2020.
"In March
2021, the value of non-petroleum exports was USD30.79 billion as
compared to USD18.97 billion in March 2020, registering a positive
growth of 62.3 per cent," a Ministry of Commerce and Industry statement
said on the basis of preliminary data.
"The value of
non-petroleum and non-gems and jewellery exports in March 2021 was USD
27.25 billion, as compared to USD 16.95 billion in March 2020,
registering a positive growth of 60.72 per cent."
Similarly,
India's imports increased, rising by 52.89 per cent to $48.12 billion as
compared to $31.47 billion reported for March 2020.
"In March 2021, Oil imports were USD10.17 billion, as compared to USD10.05 billion in March 2020, a growth of 1.22 per cent."
"Non-oil
imports in March 2021 are estimated at USD37.95 billion, as compared to
USD21.42 billion in March 2020, showing an increase of 77.12 per cent."
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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