New Delhi. The country’s exports have jumped by 45.76 percent to $ 33.28 billion in August 2021. According to the data of the Ministry of Commerce and Industry, in August 2020, exports stood at $ 22.83 billion. At the same time, in August 2021, import business increased by 51.72 percent to $ 47.09 billion. Therefore, the trade deficit increased to $ 13.81 billion in August, from $ 8.2 billion in the same month last year.
Overall exports grew by 67% in April-August
The country’s total exports during April-August in the fiscal year 2021-22 grew by 67.33 per cent to $164.10 billion, from $98.06 billion in the same period of the previous fiscal. At the same time, during April-August 2021, imports reached $ 219.63 billion, which was $ 121.42 billion in the first five months of the previous financial year. However, exports have registered a growth of 27.5 per cent in the last month as compared to August 2019. The value of non-petroleum exports in August 2021 was $ 28.58 billion, which is 36.57 percent higher than the exports of $ 20.93 billion in August 2020.
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25% growth in non-petroleum exports
In August 2019, before the Corona crisis, non-petroleum exports were worth $ 22.78 billion. On this basis, non-petroleum exports have been 25.44 per cent higher in August 2021. Apart from this, the value of non-petroleum and non-gems and jewelery exports in August 2021 was $ 25.15 billion, which was $ 19.1 billion in August 2020. On this basis, an increase of 31.66 percent has been registered in the export of these items in August 2021. Non-petroleum and non-gems and jewelery exports stood at $19.57 billion in August 2019.
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