Three-fold jump in exports in April showing demand pick-up in the west

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Demand is picking up in the western marketsas these countries are coming out of the pandemic woes gradually; this was evident in the healthy export growth in labour-intensive sectors such as jute, carpets, handicrafts and leather in April 2021, according to Mr Mohit Singla, Chairman,Trade Promotion Council of India (TPCI). Indias exports in April jumped nearly three-fold to a value of $30.21 billion on account of strong growth in key sectors including engineering, gems and jewellery and petroleum products. Agri, pharma and many other sectors have bounced back, indicating a big confidence booster and the emergence of a stable market order, added MrSingla, as per a report.