Exports and exports of India are expected to grow by 70.1 per cent to Rs 6.37 lakh crore in the first quarter of the current fiscal, according to Exim Bank.
In the first quarter of the current fiscal, April-June, non-oil exports are expected to grow by 68.5 per cent.
There are several reasons for this increase in exports.
First, exports were very low during the same period last year.
So, the comparative scale seems to be increasing a lot now.
Next, the rise in global crude oil prices is one reason for this rise.
Third, rising economic growth and rising demand in developed countries are important factors.
The impact of the second wave of the Corona, which was very high last April, has partially affected exports. Thus it is stated.
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