Indian Exports Jump Nearly Three-Folds From April Last Year To Reach $30.21 Billion

Indian Exports Jump Nearly Three-Folds From April Last Year To Reach $30.21 BillionThe reason why the UPA period recorded high export growth was high prices of global crude. (GettyImages)

In a boost for the Indian economy, the exports out of India in the just culminated month of April jumped nearly three-folds from April last year to reach $30.21 billion, reports Economic Times.

Last April, owing to the imposition of the stringent nationwide lockdown, the exports had witnessed a steep fall of 60.28 per cent to just $10.17 billion.

Major exported commodities which recorded a growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.

Meanwhile, it should be noted that just as in the case of exports, imports also surged from $45.45 billion compared to $17.09 billion in April last year. Thus, the country's trade deficit for the bygone month stands at $15.24 billion.

April's robust export performance also gains significance as it comes after in bygone March, India had recorded a 60.29 per cent jump in exports to $34.45 billion.