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<h1>India's 2020-21 Trade: Exports Down 6.66%, Imports Down 16.53%, March Exports Surge 60.29%, Trade Deficit Narrows.</h1> India's total exports for April-March 2020-21 were estimated at USD 493.19 billion, showing a decline of 6.66% from the previous year. Imports during the same period were USD 505.94 billion, a decrease of 16.53%. In March 2021, merchandise exports rose by 60.29% compared to March 2020, with significant growth in commodities like cereals, oil meals, and iron ore. Imports in March 2021 increased by 53.74%, driven by non-oil imports. The overall trade deficit for April-March 2020-21 was USD 12.74 billion, significantly lower than the USD 77.76 billion deficit in the previous year.
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