Exports continue steadily, rising 197 percent in April, total exports amounted to $ 30.21 billion in April this year.
The export front after the GST collection is also a relief news for the economy in this Corona period. After March this year, exports have increased in April as well.
Exports for April, the first month of the current financial year, registered an increase of 197.03 per cent over the previous year.
In April this year, a total of $ 30.21 billion was exported, whereas in April last year, due to global lockdown, only $ 10.17 billion was exported.
The export of April this year is 16.03 percent more than the April of 2019. In April 2019, exports of $ 26.04 billion were made.
This increase indicates that the export corona has reached earlier times and exporters have more orders than before. In March this year, the export of goods increased by more than 60 per cent.
In April this year, along with the export of goods, their imports also increased significantly, due to which the trade deficit also increased significantly.
Exports continue steadily: Imports of goods stood at $ 45.45 billion in April this year, which is 165.99 percent more than in April last year and 7.22 percent more than in April, 2019.
In April last year, due to the complete lockdown, only $ 17.09 billion worth of imports were imported. The country imported $ 42.39 billion worth in April 2019.
According to data from the Ministry of Commerce and Industry, the exports of gems and jewelery in April increased by 9158.63 .
In April, 1351.48 Increased in carpets, 1207 in handicrafts, 1168.96 in leather and leather products and 920.5 per cent in readymade garments as compared to April last year.
During April this year, the import of crude oil increased by 132.26 per cent as compared to April last year, while the import of gold and other precious stones increased by 111 per cent.
According to the Federation of Indian Export Organizations (FIEO), export orders are looking strong for the coming months as well.
Stock Market: Sensex opened 426 points lower; banking and financial sector stocks fell.
The domestic stock market opened with a heavy fall on Monday. Sensex, a 30-share sensitive index of the BSE, opened the week with a decline of 426.35 points in the first trading session.
At 09:30 in the morning, Sensex was trending at a level of 48,388.85, a drop of 393.51 points, or 0.81 per cent. At the same time, at 09:41, the NSE Nifty was trading at a level of 14,512.95 points, down by 118.15 points, or 0.81 per cent.
During the first half-hour trading on the Nifty, Titan shares saw the biggest drop. Also, shares of SBI, Reliance, Ultratech Cement and Axis Bank were trending in the red mark.
At the same time, shares of Mahindra & Mahindra, Maruti, Tata Steel, JSWSteel and Hindustan Unilever Ltd. saw an increase in early trading.