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Indian Exports Grew By 33.99% In August, Compared To Last Year: Govt

However, the ministry also mentioned that the data for August 2021 is an estimation, which will be revised based on RBI’s subsequent release. "Data for 2019 and 2020 are revised on a pro-rata basis using the quarterly balance of payments data," it said.

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Amid the fluctuations in export-import business due to Taliban takeover in Afghanistan and Sri Lanka economic crisis, Indian exports in August, grew by 33.99 per cent over the same period last year and 19.89 per cent over August 2019, informed the Ministry of Commerce and Industry

"India’s overall exports (Merchandise and Services combined) in August 2021 are estimated to be USD 52.20 Billion, exhibiting a positive growth of 33.99 per cent over the same period last year and a positive growth of 19.89 per cent over August 2019. Overall imports in August 2021are estimated to be USD 58.57Billion, exhibiting a positive growth of 45.38per cent over the same period last year and a positive growth of 16.00 per cent over August 2019," the ministry said in a statement. 

However, the ministry also mentioned that the data for August 2021 is an estimation, which will be revised based on RBI’s subsequent release. "Data for 2019 and 2020 are revised on a pro-rata basis using the quarterly balance of payments data," it said. 

Talking about exports (including re-exports), the ministry said that exports in August 2021 were USD 33.28 Billion, as compared to USD 22.83 Billion in August 2020, exhibiting a positive growth of 45.76 per cent. "In Rupee terms, exports were Rs. 2,46,863.37 Crore in August 2021, as compared to Rs. 1,70,470.61 Crore in August 2020, registering a positive growth of 44.81 per cent. As compared to August 2019, exports in August 2021 exhibited a positive growth of 28.03 per cent in Dollar terms and 33.50per cent in Rupee terms," it said. 

The commodities/commodity groups which have recorded positive growth during August 2021 vis-à-vis August 2020 are petroleum products (144.6 per cent), gems and jewellery (88.3 per cent), Engineering goods (59.01 per cent), handloom products (55.84 per cent), etc.  

Non-petroleum and Non-Gems and Jewellery exports in August 2021 were USD 25.19 billion, as compared to USD 19.10 billion in August 2020, registering a positive growth of 31.87 per cent. 


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indian exports economy government