India’s merchandise exports plunged over 36% in May (Ld)

10

New Delhi, June 15 | Covid-19 continued to subdue global trade and consequently plunged India’s merchandise exports in May by over 36 per cent on a year-on-year basis.

India’s exports fell to $19.05 billion during the month under review from $29.99 billion reported for the corresponding period of the previous y ear.

The country’s merchandise exports in April had plunged by over 60 per cent YoY to $10.36 billion from $26.07 billion reported for April of the previous year.

“Except for iron ore, drugs and pharmaceuticals, spices and rice, which registered a growth of 103.04 per cent, 17.32 per cent, 10.55 per cent and 7.64 per cent, respectively, all other commodity or commodity groups have registered negative growth in May 2020 vis-a-vis May 2019,” the Ministry of Commerce and Industry said in a statement.

Besides, non-petroleum and non-gems and jewellery exports in May 2020 were $ 16.36 billion, as compared to $21.42 billion in May 2019, exhibiting a negative growth of (-) 23.61 per cent.

The country’s imports declined at a far higher rate than exports in May.

India’s May imports declined by 51.05 per cent to $22.20 billion from $45.35 billion reported for the corresponding month of 2019.

Last month, imports had declined by 58.65 per cent to $17.12 billion from $4 1.40 billion reported for the corresponding month of 2019.

“Oil imports in May 2020 were $3.49 billion which was 71.98 per cent lower i n Dollar terms (69.62 per cent lower in Rupee terms), compared to $12.44 billion (Rs 86,822.36 crore) in May 2019,” the statement said.

“‘Non-Oil and Non-Gold’ imports were $18.64 billion in May 2020, recording a negative growth of (-) 33.74 per cent, as compared to ‘Non-Oil and Non-Gold ‘ imports of $28.13 billion in May 2019,” it added.

Furthermore, non-oil and non-gold imports were $18.64 billion in May 2020, recording a negative growth of (-) 33.74 per cent, as compared to non-oil and non-gold imports of $28.13 billion in May 2019.

Consequently, India’s trade deficit narrowed to $3.15 billion on a year-on-y ear basis in May from $15.36 billion reported for the corresponding month of last year.

Source: IANS

Sponsors Posts

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all

 

Sponsors Posts

2 BHK Residential Apartment for Sale in Aadhya Hills Bhita Jabalpur

2 BHK Residential Apartment for Sale in Aadhya Hills Bhita Jabalpur
Aadhya Hills is one of the residential development. It offers spacious and skillfully designed apartments. The project is well equipped with all modern amenities to facilitate the needs of the residents.
  • Property type: Residential Apartment 
  • Offer type: For Sale 
  • City: Jabalpur 
  • Zip Code: 482001 
  • Locality: Bhita 
  • Landmark: Bhita 
  • RERA Registration Number: P-JBP-18-1599 

For more details please click here or visit bhaskarproperty.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here