India logs 85.88 % growth in merchandise exports in April-June 2021, as compared to same period last year

Government has taken a number of steps to ensure reliable and adequate supply chains

The Government has taken a number of steps, including strengthening of domestic manufacturing and promoting trade ties, with a number of trading partners, so as to ensure reliable and adequate supply chains. This is an ongoing process, based on the changing requirements in a dynamic world.

The existing Trade Agreements also ensure seamless supplies for the domestic manufacturing sector on preferential terms. Further, a review of some of the existing Agreements has been initiated.In addition, bilateral trade negotiations with a number of countries have been initiated. We have entered into a Supply Chain Resilience Initiative (SCRI) with Japan and Australia to enhance the resilience of supply chains in the Indo-Pacific Region.

There has been substantial growth in India’s Merchandise exports in April-June 2021 which was USD 95.39 Billion, exhibiting a positive growth of 85.88 per cent over the same period last year and a positive growth of 17.90 per cent over April-June 2019, across commodity groups such as Engineering goods, Petroleum products, Gems &Jewellery, Organic & Inorganic Chemicals, Textile & Garments, Electronic goods, Plastic & Linoleum etc from across the country, including from Gujarat.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.

Supply chain resilience strengthened via manufacturing upgrades and trade agreements to secure preferential supplies and boost merchandise exports. Government measures focus on strengthening domestic manufacturing, promoting trade ties, reviewing trade agreements, and initiating bilateral negotiations, including a Supply Chain Resilience Initiative with two partners to enhance regional supply-chain resilience and secure preferential supply terms for domestic industry.