16 June, 2020
7 Min Read
INDIA’S FOREIGN TRADE: May2020
Part of: GS-III- Economic Data (PT-MAINS-PERSONALITY TEST)
India’s overall exports (Merchandise and Services combined) in April-May2020-21* are estimated to be USD 61.57billion, exhibiting a negative growth of (-) 33.66 per cent over the same period last year. Overall imports in April-May 2020-21* are estimated to be USD 57.19 billion, exhibiting a negative growth of (-) 48.31per cent over the same period last year.
The data for May 2020 is estimation, which will be revised based on RBI’s subsequent release
EXPORTS (including re-exports)
CRUDE OIL AND NON-OIL IMPORTS:
TRADE IN SERVICES
Foreign Trade Policy 2015-20
The Union Commerce and Industry Ministry has announced changes in India’s Foreign Trade Policy (FTP). The Govt. has decided to continue relief under various export promotion schemes by granting an extension of the existing Policy.
Features of the FTP
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