Exports rise to record સપાટી 4.5 billion in April-June quarter

(PTI) New delhi date. 2

According to data released by the Commerce Ministry, exports in the sectors such as engineering, gems and jewelery and petroleum products rose by 6 per cent to ડો 2.7 billion in June. However, the trade deficit widened to ૪ 4.5 billion in June.

From April to June, the first quarter of the current financial year, exports rose to ૯૫ 4.5 billion. According to Commerce and Industry Minister Piyush Goyal, the April-June quarter exports are the highest in India's history. No other quarter so far has seen such high exports.

Corona's second wave is a good sign for the economy, which saw record exports in the first quarter. It may be mentioned that in June, 2020, the export was ૨૨ 2 billion while in June, 2017, the export was ૨૫ 3 billion. In May 2011, exports stood at 4.5 billion. In April, 2021, exports stood at 21 billion.

In the April-June quarter of 2020, it was 21.5 billion. In the April-June quarter of 2016-17, exports stood at 3 billion, while in the last quarter of FY2050-71, exports stood at 50 billion.

Piyush Goyal further said that our team is working hard to meet the export target of 200 billion in the current financial year.

Imports also increased along with exports in June. Imports grew by 3.4 per cent to ૪ 21.8 billion in June 2011. Which was ૩૨ 21.5 billion in June, 2020. Imports in June 2016 were 21 billion.

The trade deficit (the difference between imports and exports) stood at ૪ 2.7 billion in June 2011, with exports at ૪૬ 2.8 billion and imports at 21.5 billion.

From April to June, 2021, imports increased to ૨૬ 16.12 billion. Imports stood at 20.6 billion in the same period last year. Oil imports rose to ૧૦ 10.3 billion in June 2011. Which was ૯૭ 4.5 billion in June, 2020.

In the first quarter of the current financial year, exports of the engineering, petroleum and pharma sectors stood at ૨૫ 2.7 billion, 12.5 billion and ૮ 2.8 billion, respectively.