India export News
Trade deficit during March 2021 widened to USD 13.93 billion from USD 9.98 billion in March 2020. The export growth of 60.29 per cent in March this year is the highest after about 82 per cent growth recorded in July 2011. Sectors that saw negative growth during March are oilseeds (-6.45 per cent) and cashew (-1.99 per cent).
Exports of iron and steel amounted to $2.53 billion, marking a Y-o-Y increase of 336.44% and making India the 4th largest exporter of iron and steel to China Exports of aluminum and its articles registered a massive increase of 2023.12% to reach $640 mn and making India the fifth largest exporter in this category to China