The export community has impressively performed, says Dr Sakthivel
India’s merchandise exports in November 2021 was US$29.88 billion, an increase of 26.49% over US$23.62 billion in November 2020 and an increase of 15.93% over US$25.77 billion in November 2019.
India’s merchandise exports in April-November 2021 was US$262.46 billion, an increase of 50.71% over US$174.15 billion in April-November 2020 and an increase of 24.29% over US$211.17 billion in April-November 2019.
FIEO President Dr A Sakthivel said that the monthly exports performance showcases the continuous resilience of India’s exports sector.
“The enthusiasm with which the Exim community has impressively performed during the year has further given a boost to the sector, thereby helping the economy move towards recovery following the second wave of Covid-19 earlier this year,” he said in comments on the latest data released on 1 Dec 2021.
The recent GDP numbers also showcases the positive impact of exports, which has contributed in a big way to growth of the economy as a whole, added FIEO Chief.
India’s merchandise imports in November 2021 was US$53.15 billion, an increase of 57.18% over US$33.81 billion in November 2020 and an increase of 37.96% over US$38.52 billion in November 2019.
India’s merchandise imports in April-November 2021 was US$384.44 billion, an increase of 75.39% over US$219.19 billion in April-November 2020 and an increase of 18.44% over US$324.59 billion in April-November 2019. #exporters /fiinews.com
