Focus: GS-III Indian Economy
Why in news?
- India’s overall exports (Merchandise and Services combined) in April-July 2020-21 showed a negative growth of (-) 21.99per cent over the same period last year.
- Overall imports in April-July 2020-21 showed a negative growth of (-)
- 40.66per cent over the same period last year.
Details
- Major commodities which have recorded positive growth during July 2020 vis-à-vis July 2019 include Cereals, Rice, Iron Ores, Oil Seeds, Meat & Dairy Products and Fruits & Vegetables, etc.
- Major commodities which have recorded negative growth during July 2020 vis-à-vis July 2019 are Petroleum products, Jewellery & Gems, Tobacco, Leather etc.
- Major commodity groups of import showing negative growth in July2020 over the corresponding month of last year are Crude Oil and Non-Oil Imports, Machinery, etc.
