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India's Merchandise Exports In May Rose By Over 69 Per Cent To $32.27 Billion: Govt
The reason why the UPA period recorded high export growth was high prices of global crude. (GettyImages)
India's merchandise exports in May rose to $32.27 billion, higher by 69.35 per cent over $19.05 billion recorded in May 2020, according to official data released by Commerce Ministry on Tuesday (15 June).
The exports last month recorded a 8.11 per cent growth over the May 2019 levels.
According to the ministry's data, in rupee terms, exports were Rs 2,36,426.16 Crore in May 2021, as compared to Rs 1,44,166.01 Crore in May 2020, registering a positive growth of 64 per cent.
As compared to May 2019, exports in May 2021 exhibited a positive growth of 8.11 per cent in dollar terms and 13.53 per cent in rupee terms, the ministry said.
As per the data, the value of non-petroleum and non-gems and jewellery exports in May 2021 was $23.97 billion, as compared to $16.36 billion in May 2020, registering a positive growth of 46.50 per cent.
"As compared to May 2019, non-petroleum and non-gems and jewellery exports in May 2021 registered a positive growth of 11.51 per cent," an official statement on foreign trade said.
(With inputs from IANS)
