India's Foreign Trade: March 2021



Quick Summary
India's overall foreign trade, combining merchandise and services, experienced a decline in the fiscal year April 2020 to March 2021. Total exports were estimated at USD 493.19 billion, marking a 6.66% decrease compared to the previous year. Similarly, overall imports saw a more significant drop of 16.53%, reaching an estimated USD 505.94 billion.

India’s overall exports (Merchandise and Services combined) in April-March 2020-21* are estimated to be USD 493.19 Billion, exhibiting a negative growth of (-)6.66per cent over the same period last year. Overall imports in April-March 2020-21* are estimated to be USD 505.94 Billion, exhibiting a negative growth of (-)16.53per cent over the same period last year.

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*Note: i) The latest data for services sector released by RBI is for February 2021. The data for March 2021 is an estimation, which will be revised based on RBI’s subsequent release ii) the figures in bracket are growth rates vis-à-vis corresponding period of last year.

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FAQ :

India's overall exports (Merchandise and Services combined) for April-March 2020-21 are estimated to be USD 493.19 Billion.

India's overall exports exhibited a negative growth of (-)6.66% over the same period last year.

India's overall imports for April-March 2020-21 are estimated to be USD 505.94 Billion.

India's overall imports exhibited a negative growth of (-)16.53% over the same period last year.

No, the data for the services sector for March 2021 is an estimation and will be revised based on the Reserve Bank of India's subsequent release. The latest available data for services is for February 2021.




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