Exports surge in first fortnight of new fiscal

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On account of a healthy growth rate in sectors such as engineering and gems and jewellery, Indiasexports have continued to increase, now to a value of $13.72 billion during April 1-14 this fiscal,according to the provisional data of the Commerce Ministry. Outbound shipments during the said fortnight last year were aggregated at just $3.59 billion.Imports during the period under review too swelled to $19.93 billion as against $6.54 billion, the data showed. Thefinal figures for April 2021 will be released by mid-May, it is learnt. Exports had surged by 60.29 per cent to $34.45 billion in March, even as there was an overall contraction by 7.26 per cent during the full 2020-21 fiscal to $290.63 billion, as per a report.