Export outlook uncertain as Covid-19 cases in India rise again: Experts

The sharp jump in exports can be attributed to a low base as March 2020 saw the outbreak of Covid-19 and a subsequent nationwide lockdown

Even as goods exports witnessed a sharp growth in March, experts cautioned the rise may not sustain as rising Covid-19 cases in India and abroad lead to uncertainty.

According to the preliminary data released by the government on Thursday, merchandise exports hit a record high of $34 billion, up 58 per cent year-on-year in March. On a sequential basis, the growth in merchandise exports was 21 per cent. The value of exports has now surpassed its previous high of $32.55 billion in March 2019 —almost a year before the outbreak of Covid-19.

The sharp jump in exports can be attributed to a