Exports up 60.29% in March but decline by 7.26% in FY21

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New Delhi: The country’s exports jumped by 60.29% to $34.45 billion in March even as the outbound shipments contracted by 7.26% during the full 2020-21 fiscal to $290.63 billion.

Imports too grew by 53.74% to $48.38 billion in March, but dipped by 18% to $389.18 billion during April-March 2020-21, according to the government data released on Thursday.

Trade deficit during March 2021 widened to $13.93 billion from $9.98 billion in March 2020. The trade deficit during the full fiscal, however, narrowed to $98.56 billion as against $161.35 billion during 2019-20, the data showed.