Export outlook might remain robust despite second coronavirus wave

Merchandise exports may not get deeply impacted over the next few months, despite a second wave of the pandemic causing localised lockdowns across the country.
 
According to preliminary data released by the ministry of commerce and industry, India’s merchandise exports nearly trebled in April to $30.21 billion as compared to last year. The growth was on account of a low-base effect due to a stringent nationwide lockdown in 2020. It was also supported by strong demand across sectors in the first month of the current fiscal year.
 
Experts believe the growth was also on the back of demand