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Indian Economy

Exports rise 45.8% in August 2021

Exports rose 45.8% to touch US$33.28 Billion in August 2021, trade deficit widened to touch US$13.8 billion

Exports rise 45.8% in August 2021
Exports rise 45.8% in August 2021
outlookindia.com
2021-09-14T19:49:13+05:30

India’s exports rose approx 45.8% to reach US$33.28 billion in August 2021, according to data released by the Commerce Ministry on Tuesday. This compares to US$22.8 Billion recorded in August 2020.

According to the data, imports in August 2020 surged by 51.7% to approx US$47.1 billion.

Trade deficit in August widened to touch US$13.8 billion compared US$8.2 billion in August 2020.

 Cumulative value of exports between April-August this year expanded to USD 164.10 billion, a 67.3% increase on a year-over-year basis.

 Imports during April-August 2021 stood at US$ 219.63 billion compared to US$121.42 billion, the previous year.

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