Which of the following statements is/are not correct with reference to the India’s exports?
A. Indian faced trade deficit at $19.37 billion in June, 2021.
B. Imports in June, 2021 too rose by 98.31 per cent to $41.87 billion.
C. During April-June 2021, the exports increased by 85.88 per cent to $95.39 billion.
D. Oil imports in June, 2021 were $10.68 billion, which were 116.51 per cent higher compared to $4.93 billion in June 2020.
Explanation:
India’s exports rose by 48.34 per cent to $32.5 billion in June, 2021 on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion. During April-June 2021, the exports increased by 85.88 per cent to $95.39 billion. Oil imports in June were $10.68 billion, which were 116.51 per cent higher compared to $4.93 billion in June 2020. During April-June 2021, the imports stood at $31 billion as against $13.08 billion during the same quarter previous fiscal.
