Exports of gems and jewellery, petroleum and engineering stood at $424.5 million, $923.33 million and $551.4 million, respectively
India is a net importer in June 2021 with a trade deficit of $9.4 billion, widened by 1,426.6% over trade surplus of $0.71 billion in June 2020.
Exports during the April-June period are the highest ever merchandise exports in a quarter in the history of India.
Though higher reserves help in cushioning domestic economy from external shocks, we must be mindful of the opportunity costs associated with them
Niti Aayog CEO Amitabh Kant said the fear of being flooded by imports from FTA countries is not the correct approach
Imports have grown by about 83% to $9.1 billion during June 1-7.
Imports in May rose by 68.54% to $38.53 billion, from $22.86 billion in May 2020. In May 2019, imports stood at $46.68 billion
India is a net importer in May 2021 with a trade deficit of $6.32 billion.
Usually, 30-40 tonnes of gold is sold on the auspicious occasion of Akshaya Tritiya, but this time sales were not likely to reach even 1 tonne.
India's imports rose over three-fold to $45.72 billion last month as against $17.12 billion in April 2020