Shipments of goods from India have seen an enormous year-on-year surge of 197% in April, rising to $30.21 billion, according to preliminary data released by the commerce and industry ministry. The explosive growth, led by increased sales of gems and jewelry, as well as engineering goods and petroleum products, has been attributed to the so-called low-base effect, as last year’s figure dropped to $10.36 billion, after a sharp contraction of more than 60% due to the Covid-19 pandemic. Also on rt.com India’s economy may shrink amid soaring Covid-19 cases, analysts warn
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