India Exports Shrink 12.6% In August

India's overall exports including Merchandise and Services in April-August 2020-21 are estimated to be USD 182.13 billion, exhibiting a negative growth of (-)19.32 per cent over the same period last year. Overall imports in April-August 2020-21 are estimated to be USD 167.94 billion, exhibiting a negative growth of (-) 38.00 per cent over the same period last year.

Exports in August 2020 were USD 22.70 billion, as compared to USD 25.99 billion in August 2019, exhibiting a negative growth of (-)12.66 per cent. In Rupee terms, exports were Rs. 1,69,513.81 crore in August 2020, as compared to Rs. 1,84,921.23 crore in August 2019, registering a negative growth of (-)8.33 per cent. Cumulative value of exports for the period April-August 2020-21 was USD 97.66 billion (Rs.7,35,835.87 crore) as against USD 133.14 billion (Rs.9,28,243.85 crore) during the period April-August 2019-20, registering a negative growth of (-)26.65 per cent in Dollar terms (negative growth of (-)20.73 per cent in Rupee terms).

Imports in August 2020 were USD 29.47 billion (Rs.2,20,083.69 crore), which is a decline of(-) 26.04 per cent lower in Dollar terms and (-) 22.38 per cent in Rupee terms over imports of USD 39.85 billion (Rs 2,83,530.41 crore) in August 2019. Cumulative value of imports for the period April-August 2020-21 was USD 118.38 billion (Rs.8,91,978.43 crore), as against USD 210.39 billion (Rs.14,66,659.90 crore) during the period April-August 2019-20, registering a negative growth of (-) 43.73 per cent in Dollar terms and a negative growth of (-)39.18 per cent in Rupee terms.

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