Merchandise exports stood at US$ 62.89 billion between April 2021 and May 2021, while im-ports touched US$ 84.27 billion. The estimated value of service exports and imports between April 2021 and May 2021 stood at US$ 35.39 billion and US$ 19.86 billion, respectively. In last five years India's export market has been less than the glob-al import in some sectors, according to an analysis carried out by the Federation of Indian Export Organisations. In many key labour intensive sectors, like gem and jewellery, knitted garments, woven garments, leather footwear and other leather garments, India's export have contracted while the global imports have remained the same. Whereas in some other sectors like toys and sports goods, furniture and beddings, the export clocked at a CAGR of 9 percent. Some other sectors like mechanical machinery, electrical and electronics, medical and surgical equipment, several agricultural products, etc. have also done extremely well in terms of exports growth during the last five years. Improved demand conditions in key markets such as Europe and US, weaker rupee to aid, various government measures and "Free Trade Agreement" with...