Exports grew 93% to $51.79 billion in April on low base of last year

Services exports are estimated to have grown 28.68 per cent YoY to $21.17 billion in April

India’s overall exports — merchandise and services — are estimated to have grown 93.21 per cent to $51.79 billion in April on a low year-on-year (YoY) base, according to the latest data released by the Commerce and Industry Ministry on Friday.

Merchandise exports nearly tripled in April to $30.63 billion compared to the same period last year. The growth was on account of a low base of last year as the country went into a lockdown, but was also supported by demand from external markets.

Compared to April 2019, exports grew 17.62 per cent.

Services exports are estimated to have grown 28.68 per