Exports rise most in 6 months; up 12.4% at $28 billion in May
Zee Media Bureau
New Delhi: India's exports logged sharpest rise in 6 months by climbing 12.4 percent in May to USD 28 billion, government data showed on Wednesday.
Trade deficit stood at USD 11.23 billion in May compared to USD 10.1 billion in April, and USD 19.37 billion in May 2013.
Imports climbed to USD 39.23 billion in May as against USD 35.7 billion in previous month.
Cumulative value of exports for the period April-May 2014-15 was USD 53632.58 million as against USD 49264.36 million registering a growth of 8.87 per cent in Dollar terms and growth of 19.04 per cent in Rupee terms over the same period last year.
Cumulative value of imports for the period April-May 2014-15 was USD 74953.27 million as against USD 86310.41 million registering a negative growth of 13.16 percent in Dollar terms and negative growth of 5.05 percent in Rupee terms over the same period last year.
With agency inputs