India's merchandise exports reach all-time high of $34 billion in March

India's merchandise exports touched an all-time high of $34 billion in March 2021, as compared to $21.49 billion in March 2020, an increase of 58.23 per cent. SHIVANI SHARMA, PRAGATI SRIVASTAVA

India's merchandise imports in March 2021 were $48.12 billion as compared to $31.47 billion in March 2020, an increase of 52.89 per cent.

India is a net importer in March 2021 with a trade deficit of $14.11 billion as compared to trade deficit of $9.98 billion in March 2020, increased by 41.4 per cent.

Goods segment that recorded the highest growth in exports during March 2021 was engineering goods, increasing 70.28 per cent Y-o-Y.

Major commodity that showed positive growth in imports during March 2021 over the corresponding month of last year was Gold with highest increase of 584.21 per cent.