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Economic Survey 2021 | Exports may dip 5.8%, imports by 11.3% in second half of 2020-21

With gradual recovery of economic activities, the survey said that imports and exports have picked up.

January 29, 2021 / 06:25 PM IST
Trade (Image: Reuters)

Trade (Image: Reuters)

The country's exports are expected to contract by 5.8 percent and imports by 11.3 percent during the second half of the current financial year, though implementation of  several measures by the government would help support exports going forward, according to the Economic Survey 2021.

With gradual recovery of economic activities, the survey said that imports and exports have picked up.

During the first half of 2020-21 (April-September), exports dipped by 21.31 percent to $125.25 billion while imports declined by 40 percent to $148.69 billion.

"Net exports (difference between exports and imports) is expected to re-enter the negative territory in the second half. Exports are expected to decline by 5.8 percent and imports by 11.3 percent in the second half of the year," the survey said.