India's July YoY exports rise by over 47%

India's merchandise exports in July 2021 rose to $35.17 billion, higher by 47.91 per cent on a year-on-year basis, preliminary official data showed on Monday.

Exports during July 2020 stood at $23.78 billion.

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The data by Ministry of Commerce and Industry showed that in comparison to July 2019, last month's exports rose by 34.06 per cent.

"Exports during April-July 2021 were $130.56 billion, up by 73.86 per cent over the same period of 2020 ($75.10 billion) and up by 21.85 per cent over same period of 2019 ($107.15 billion)."

"Till July 2021, India's exports have covered 32.64 per cent of its target exports of $400 billion."

Similarly, India's merchandise imports in July 2021 increased by 59.38 per cent on a year-on-year basis to $46.40 billion.