India's exports surge 60% in March, fall by 7.2% in FY21

India’s exports grew the fastest in March with total outbound shipments rising 60.29%, far higher than 0.65% growth in February, with March becoming the fourth consecutive month of growth in FY21. For the full year, exports fell by 7.26% versus FY20.
However, gold imports surged almost 592% on-year, leading to a 53.7% rise in overall imports and widening the country’s trade deficit to $13.93 billion from $9.98 billion in the year ago period, provisional data released by the commerce and industry ministry on Thursday showed.