India's exports jump 58% to hit all-time high of $34 billion in March

India becomes a net importer in March, trade deficit widens to $14 billion

India’s merchandise exports witnessed a huge jump of 58 per cent year-on-year (YoY) and touched a record $34 billion in March, indicating a recovery in demand, preliminary data released by the government showed. Sequentially, the growth in merchandise exports was 21 per cent.
 
However, for the whole of financial year 2020-21 (FY21) exports contracted 7.4 per cent YoY to $290.18 billion because of the disruption caused by the Covid-19 pandemic.
 
“Make in India, Make for the World: Merchandise exports in March 2021 grew by 58 per cent YoY to $34 billion, the highest ever in Indian history. PM