After consistent dip for six months since the beginning of the current fiscal, the exports growth in the month of September has registered positive growth for the first time in 2020-21. The total exports figure in September stood at $27.4 billion which marks a growth of 5.27 percent.
Reacting to September 2020 export figures, FIEO President, Sharad Kumar Saraf said that the monthly exports are showing signs of revival as gradual lifting of lockdown have further improved the business sentiments. Anti-China sentiments across the globe has also been one of the reasons for the improved performance in exports.
The exports of agri products, plantation & other cereals along with iron ore, carpet, ceramic products & glassware, drugs & pharmaceuticals, handicrafts excluding handmade carpet, meat, dairy & poultry products, jute mfg. including floor covering, cotton yarn/fabs/madeups, handloom products etc., RMG of all textiles, plastic & linoleum, petroleum products, engineering goods, organic & inorganic chemicals and electronic goods showed either a very high or impressive growth or were in positive territory showing signs of further revival.
With the WTO trade estimates for the second quarter putting the contraction only at 13 percent and the country’s exports showing signs of revival, Sharad Kumar Saraf is of the view that going with this trend, India’s exports is likely to be in the range of USD 290-300 billion during the current fiscal.