Exports seen in solid positive territory in 2021-22

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Indias exports are reviving and the shipments are expected to be in solid positive territory in this financial year, according to Commerce Secretary Mr Anup Wadhawan. He said that exports recorded a significant contraction in April last year but gradually things started improving and the shipments have entered positive territory since December 2020. In March this year, exports rose by 60.29 per cent to $34.45 billion, though in 2020-21 shipments dipped by 7.26 per cent to $290.63 billion. The product categories that recorded positive growth during March included oil meals, iron ore, carpets, gems and jewellery, engineering goods, rice, spices, pharmaceuticals, chemicals, marine products, petroleum products, coffee and tea, said a report.