India's exports jump to USD 32.21 billion in May 2021; trade deficit at USD 6.32 billion

[Protest_again]

India's exports jump to USD 32.21 billion in May 2021; trade deficit at USD 6.32 billion


NEW DELHI: India's exports grew by 67.39 per cent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday.

Exports in May last year stood at USD 19.24 billion and in May 2019 it was at USD 29.85 billion, the commerce ministry's preliminary data showed. Imports in May rose by 68.54 per cent to USD 38.53 billion, from USD 22.86 billion in May 2020.

In May 2019, imports stood at USD 46.68 billion. "India is thus a net importer in May 2021 with a trade deficit of USD 6.32 billion, an increase of 74.69 per cent over trade deficit USD 3.62 billion in May 2020 and reduction by 62.49 per cent over trade deficit USD 16.84 billion in May 2019," the ministry said.

Oil imports during the month under review rose to USD 9.45 billion, as compared to USD 3.57 billion in May 2020. In May 2019, it stood at USD 12.59 billion. Exports during Apr-May this year jumped to USD 62.84 billion, as against USD 29.6 billion in the same period last year.

This time it is different. India will still grow strongly at over 10%. Lol at Billis.

 

[suyog chavan]

India's exports jump to USD 32.21 billion in May 2021; trade deficit at USD 6.32 billion


NEW DELHI: India's exports grew by 67.39 per cent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday.

Exports in May last year stood at USD 19.24 billion and in May 2019 it was at USD 29.85 billion, the commerce ministry's preliminary data showed. Imports in May rose by 68.54 per cent to USD 38.53 billion, from USD 22.86 billion in May 2020.

In May 2019, imports stood at USD 46.68 billion. "India is thus a net importer in May 2021 with a trade deficit of USD 6.32 billion, an increase of 74.69 per cent over trade deficit USD 3.62 billion in May 2020 and reduction by 62.49 per cent over trade deficit USD 16.84 billion in May 2019," the ministry said.

Oil imports during the month under review rose to USD 9.45 billion, as compared to USD 3.57 billion in May 2020. In May 2019, it stood at USD 12.59 billion. Exports during Apr-May this year jumped to USD 62.84 billion, as against USD 29.6 billion in the same period last year.

This time it is different. India will still grow strongly at over 10%. Lol at Billis.

Wooo, that's whooping jump over there, quite impressive stats

 

[Protest_again]

Wooo, that's whooping jump over there, quite impressive stats

That is close to Bangladesh's full year exports right there in one month. Lol. And India is currently under lockdown. And we have significant service exports to boot too.

 

[Irfan Baloch]

That is close to Bangladesh's full year exports right there. Lol. And India is currently under lockdown. And we have significant service exports to boot too.

lol you watch out Bangladesh is looking to beat USA, MARS and Milky way

 

[suyog chavan]

That is close to Bangladesh's full year exports right there. Lol. And India is currently under lockdown. And we have significant service exports to boot too.

By the end of the day , they too are east pakistan, so we can understand

 

[Protest_again]

lol you watch out Bangladesh is looking to beat USA, MARS and Milky way

PDF has given way too much leeway to their bafoonery. We all remember how they behave after winning one cricket match against a top team. They declare themselves as contenders for world cup the next second. Lol.