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India’s Trade Performance continues to be impressive in April-2021;

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..... India’s Trade Performance continues to be impressive in April-2021; - News and Press Release Dated:- 15-5-2021 - News - India s Trade Performance continues to be impressive in April-2021; Merchandise exports accelerate by an impressive 195.72 per cent over April 2020 levels and 17.62 per cent over the April 2019 levels; Economic recovery visible in the rising import growth of 167.05% .....

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..... and 7.87 % during April 2021 over the same period of 2020-21 and 2019-20 respectively India s export performance continues to be impressive in April 2021 with merchandise exports accelerating by an impressive 195.72 per cent over April 2020 levels and 17.62 per cent over the April 2019 levels. Merchandise export, excluding POL and Gems Jewellery, have increased by 160.24% in April 2021 ov .....

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..... er the same period of 2020-21 and by 20.47% over same period of 2019-20. The Economic recovery is also visible in the rising import growth of 167.05 per cent and 7.87 per cent during April 2021 over same period of 2020-21 and 2019-20 respectively. Service exports estimated for April 2021* are USD 21.17 Billion, registering a positive growth of 28.68 percent vis- -vis April 2020. The estimate .....

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..... d value of services import for April 2021* is USD 13.00 Billion, registering a positive growth of 39.75 percent vis- -vis April 2020. The estimated value of Net of services export for April 2021* is USD 8.17 Billion registering a positive growth of 14.28 percent vis- -vis April 2020 Commodity wise growth trends: The commodities/commodity groups which have recorded positive growth during Ap .....

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..... ril 2021 vis- -vis April 2020 are Gems jewellery (9271.21%), Jute mfg. including floor covering (1684.62%), Carpet (1352.68%), Handicrafts excl. handmade carpet (1275.46%), Leather leather products (1201.44%), RMG of all textiles (927.08%), Cotton yarn/fabs./made-ups, handloom products etc. (618.26%), Man-made yarn/fabs./made-ups etc. (587.01%), Other cereals (451.39%), Ceramic products glas .....

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..... sware (444.45%), Electronic goods (372.62%), Oil meals (279.49%), Cashew (260.48%), Mica, Coal other ores, minerals including processed minerals (241.21%), Engineering goods (238.27%), Petroleum products (191.53%), Tobacco (187.4%), Cereal preparations miscellaneous processed items (174.61%), Iron ore (172.16%), Oil seeds (169.04%), Meat, dairy poultry products (148.81%), Tea (146.31%), Mari .....

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..... ne products (107.94%), Spices (97.56%), Coffee (75.02%), Organic inorganic chemicals (68.54%), Rice (61.64%), Plastic Linoleum (51.89%), Fruits vegetables (25.4%) and Drugs pharmaceuticals (23.43%). Iron Ore and Drugs Pharmaceuticals exports have been consistently growing throughout 2020-2021 and April 2021. Rice export has been consistently growing during 2020-2021 and April 2021 exc .....

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..... ept for the month of April 2020. Cereal preparations miscellaneous processed items, Other Cereals and Oil Meals exports have been consistently growing since June 2020. Jute Mfg. including Floor Covering and Carpet exports have been consistently growing since July 2020. Handicrafts, excl. handmade carpet, Cotton Yarn/Fabs./made-ups, Handloom Products etc., Ceramic products glassware, spices and .....

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..... others categories exports are growing consistently since September 2020. Mica, Coal Other Ores, Minerals including processed minerals export is consistently growing since October 2020. Sectors such as Leather leather products, Man-made Yarn/Fabs./made-ups etc., and Marine products which had been exhibiting negative growth during the pandemic (2020-2021) have picked up from March 2021 on .....

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..... wards. *Note: The latest data for services sector released by RBI is for March 2021. The data for April 2021 is estimates, which may undergo revision with subsequent releases of RBI. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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