The trade data released by the Ministry of Commerce and Industry showed a positive increase of 14.82 per cent in September 2020 compared to September 2019 for the India exportations of cotton yarn, fabric, made-up, handloom, etc. Exports have grown by 10.21% in the months for readymade apparel across all textiles. India’s goods exports rose 5.27 percent in September 2020 to 27.40 billion dollars, compared with 26.02 billion dollars in September 2019. Exports dropped however by 21.43% to $125.06 billion during April-September 2020-21.
In the other hand, imports for commodities amounted to $30.31 billion in September 2020 compared to $37.69 billion, which declined by 19.60 percent in September 2019. Imports of goods were $148.69 billion in April-September 2020-21 compared to $248.08 billion in the same period last year, indicating negative growth of 40.06%. Therefore, in September 2020 India was a net importer with a commercial deficit of $2.91 billion, up from $11.67 billion in the trade deficit, showing a substantial 75.06 percent improvement.
The main commodities exporting positive growth in September 2020 compared to September 2019 include carpet (42.89%), artisanal products except for manufactured tapestries (21.40%), manufactured jute including floor covering (18.62%), cotton yarn / made up, handloom products (14,82%), ready-to-made clothing (10.21%), p Yet exports of manmade yarn, textiles, make-up, etc. dropped by 9.13%.
