Imports from China during 2018-19, 2019-20 and 2020-21 were worth $70.32 billion, $65.26 billion and $65.21 billion
Country's exports grew by 47.19 per cent to $35.17 bn on account of healthy growth in outbound shipments of petroleum, engineering, gems and jewellery, according to data of commerce ministry
The report was published ahead of Thursday's advance second-quarter gross domestic product data.
India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr
The country's exports rose by 48.34 per cent to $32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods
The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee
The country is burdened by high inflation, rising food prices, raised electricity charges
On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019
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Performance signals recovery in external demand as shipment values were nearly 8% higher than May 2019 figures
India's exports grew by 67.39% to $32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals
Imports too rose to $45.45 billion last month as against $17.09 billion in April 2020
Trade deficit widens to $14 billion despite 54% jump in imports
This is mainly due to robust double-digit growth in exports, coupled with contraction in imports
India becomes a net importer in March, trade deficit widens to $14 billion
The pandemic continued to disrupt global commerce
Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices
India's exports marginally declined 0.25 per cent to $27.67 billion in February
Aside from the exports, the trade deficit for January 2021 was estimated at USD 14.54 billion as against the deficit of USD 15.30 billion in January 2020, which is a decrease of (-) 4.95 per cent
Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion