Currently, the prevalence of corona is increasing worldwide. The lockdown was imposed by several countries on the background of the corona. Lockdown was also implemented in India. As a result, the cycle of the economy had come to a halt. But now the unlock process has started in the country. Meanwhile, economic matters are now slowly recovering. After six consecutive months of decline, the country’s exports grew by 5.27 per cent year-on-year. Union Commerce and Industry Minister Piyush Goyal informed about this on Thursday. Exports grew by 5.27 per cent year-on-year to २७ 27.4 billion in September. This is a sign that the Indian economy is recovering rapidly. Goyal said exports had reached pre-epidemic levels.
“Make in India, make for the world: India’s exports grew by 5.27 per cent in September compared to the same month last year,” Goyal said. He tweeted about it. In September 2019, India’s exports stood at. 26.02 billion. But global demand has also declined due to Corona’s superpower. Exports had seen a sharp decline since March. Major sectors such as petroleum, engineering goods, leather goods, gems and jewelery saw declines.
Make in India, Make for the World: Indian merchandise exports grow 5.27% in Sep 20 as compared to last year. Another indicator of the rapid recovery of Indian economy as it surpasses pre COVID levels across parameters. pic.twitter.com/82995JxV7Q
– Piyush Goyal (@PiyushGoyal) October 1, 2020
“The country’s exports are on track to recover,” he said. The international market is also opening up now and buyers have started placing orders. Food and agriculture exports will continue as before as they did well during the Corona period, ”said TPCI President Mohit Singla.
The advantage of anti-China in the world
“This export growth is in line with our expectations. Aner orders have been received due to anti-China sentiment in many countries. If India takes some steps on MEIS, risk export and RODTEP (exemption from duty on export products), it can grow better, ”said Sharad Kumar Saraf, President, FIO, the apex body of exporters.