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India’s Exports Zoom 297.2 Per Cent In The First Week Of April; Build On March’s 58.23 Percent Surge
The reason why the UPA period recorded high export growth was high prices of global crude. (GettyImages)
The first week of the new financial year, from 1-7 April, India saw its exports zoom by nearly 300 per cent on a year-on-year (YoY) basis led by engineering goods, gems and jewellery, and petroleum products report Hindu Businessline.
The exports jumped up by a whopping 297.2 per cent to $6.79 billion. Meanwhile, during the week, imports into India also recorded a robust rise of 244.2 per cent to $9.66 billion on a YoY basis. The imports were led by crude, petroleum, and electronics.
Meanwhile, exporters have lately begun to report that their order books have started to turn positive and that there is fresh interest in Indian products. This gains significance as bygone March had also seen the exports surge by robust 58.23 per cent to $34 billion.
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