1. Exports up 8% at 24 billion in May; trade deficit widens to $14 billion

Exports up 8% at 24 billion in May; trade deficit widens to $14 billion

India's exports grew by 8.32 per cent to $ 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as gems and jewelry.

By: | New Delhi | Published: June 15, 2017 10:35 PM
trade deficit, Exports, Exports of petroleum, Exports of chemicals, Exports of engineering goods, Exports of gems and jewelry, imports Exports in April-May increased by 13.83 per cent to $ 48.64 billion. (Reuters)

India’s exports grew by 8.32 per cent to $ 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as gems and jewelry. Imports too jumped 33.09 per cent to $ 37.85 billion last month from $ 28.44 billion in May 2016, according to the data released by the commerce ministry. A huge jump in gold imports pushed up the trade deficit to $ 13.84 billion during the month under review from $ 6.27 billion a year ago. The imports of the precious metal rose 3-fold to $ 4.95 billion in May compared to $ 1.47 billion in the same month last year. Exports in April-May increased by 13.83 per cent to $ 48.64 billion. Imports during the period up by 40.63 per cent.

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