After declining for most of 2020 due to Covid-19 pandemic, Indian exports picked pace in December 2020 and January 2021. Exports upticked by 0.14% in December, and further rose to 6.16% in January. Infact, according to news reports, the Commerce Minister is assertive that Indian exports are safely out of the covid induced trade slump as non-oil, non-jewellery shipments continue to grow. However, in a recent report, World Trade Organization (WTO) remained cautious with the appearance of new variants of the coronavirus, which is likely to have an impact on the global trade in the first quarter of 2021.