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Indian Import Data

The document discusses India's import data for the periods of April-March 2020-2021 and March 2021. It notes that overall imports decreased by 16.53% compared to the previous year, with merchandise imports decreasing by 18.02% and services by 11.16%. Imports in March 2021 increased by 50.52% compared to March 2020. Imports of items like silver, transport equipment, project goods, and fertilizers decreased.

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Geeta Choudhary
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35 views2 pages

Indian Import Data

The document discusses India's import data for the periods of April-March 2020-2021 and March 2021. It notes that overall imports decreased by 16.53% compared to the previous year, with merchandise imports decreasing by 18.02% and services by 11.16%. Imports in March 2021 increased by 50.52% compared to March 2020. Imports of items like silver, transport equipment, project goods, and fertilizers decreased.

Uploaded by

Geeta Choudhary
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Indian import data – Valuable for the Indian Traders

According to the Import Data stated by the Ministry of Commerce & Industry, the overall
imports of the country could be estimated to around USD 505.94 billion for the period April-
March 2020-21. This thus exhibited a negative growth in the Indian foreign trade of -16.53%
over the same period in the last year. Import trade data in India for the period April-March
2020-21 revealed that the area of merchandise had a value of US 389.18 billion dollars, which
showed a negative growth of -18.02%. In services, the value was USD 116.75 billion which was
also in the negative percentage growth of -11.16%. Thus the overall trade could be calculated
to in the negative form of -16.53%.

Import in India for March 2021 was calculated to be USD 48.38 billion. This showed an
increase of 50.52% in INR terms over imports from the previous year (March 2020). The
cumulative value of the imports made by the country for this period was USD 289.18 billion.
This showed a downfall in growth by -14.40 from the period April-March 2019-2020 in INR
terms. Over the corresponding month from the last year, the commodity groups of imports
that showed a negative growth were like:

● Silver of -89.66 percent.


● Equipment of transport of -32.71 percent
● Project goods of -32.58 percent
● Pulses of -13.89%
● Fertilizers, Crude & Manufactured of -5.61%.

The import data in merchandise also showed that oil imports in the month of March 2021
were USD 10.27 billion. This value was 0.08 percent higher than the estimation made in March
2020. Where on the other hand, the imports that were of non-oil were estimated to be USD
3811 billion in March 2021 and showed 74.17 percent higher in Indian currency when
compared to the value of March 2020.

The provisional Export import data of India recorded for the period of April-March 2019-20
in exports was INR 22,19,854.18 crore whereas it was INR 21,50,325.03 crore in 2020-21. This
thus showed that there were only -3.13 percent growths. In imports the value for the period
April-March 2019-2020 was INR 33, 60,954.46 crores whereas on the other hand in 2020-21
was INR 28, 76,918.30 crores. Thus this showed a -14.40 growth in the imports. Among all the
commodities that are imported to India and had less percentage of growth were leather and
leather manufactures. And the maximum growth of percentage was seen in the marine
products for the period April-February 2020-21. Companies who are engaged with trading
activities will get proper knowledge through this import trade data about the current
condition of the import trading activities with which the country is involved in.

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