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    <title>INDIA’S FOREIGN TRADE: April 2021</title>
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    <description>Merchandise exports in April 2021 rose strongly with broad based commodity gains and non petroleum/non gems &amp; jewellery shipments recovering; imports climbed sharply driven by both oil (influenced by higher Brent prices) and non oil categories, including non oil/non gold aggregates. Services receipts and payments showed year on year growth in March 2021 with provisional April 2021 estimates indicating continued export activity. Taken together, merchandise and services swung from an overall surplus in April 2020 to an overall deficit in April 2021, with April services figures marked as provisional pending RBI revision.</description>
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