Exports jump to $95 bn in April-June quarter

Tribune News Service
New Delhi, July 2

Merchandise exports during April-June quarter this year have jumped to $95 billion from $82 billion during the same period in 2018-19 due to healthy growth in engineering, rice, oil meals and marine products, Commerce and Industry Minister Piyush Goyal said on Friday. Exports in the last quarter of 2020-21 (January to March) were at $90 billion, he added.

Statistics at a glance

• Exports during the April-June quarter jumped to $95.36 billion as against $51.44 billion in the same period last year
• Merchandise exports were recorded at $82 billion during April-June 2018-19 and $90 billion during the last quarter of 2020-21

“India’s economy is growing, and our exports are also growing. The highest-ever exports in the first quarter of April-June 2021 took place despite the severity of the second wave of Covid,” he said.

On FDI, Goyal said the inflow rose to $81.72 billion for fiscal 2020-21. The top investors who contributed to India’s high FDI inflows during this period include Singapore (29%), followed by the US (23%) and Mauritius (9%).

The number of startups that have been recognised by the Department of Promotion of Industries and Internal Trade now stands at around 50,000 spread across 623 districts. Goyal said the government was aiming at reducing the number of compliances and launch a National Single Window System in few weeks.