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Indian Exports rise 12.4% in May in sharpest rise in 6 months

sree45

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Exports rose 12.4% in May over the previous year, the sharpest rise in 6 months, helped by a weaker rupee, government data showed on Wednesday.

Exports in May reached $28 billion, data released by the Ministry of Commerce and Industry showed.

However, the trade deficit stood at $11.23 billion, up from $10.09 billion in April.

Imports rose to $39.23 billion compared to $35.7 billion in the previous month.

Gold imports dipped sharply by 72% in May to $2.19 billion year-on-year.
Exports rise 12.4% in May in sharpest rise in 6 months | Business Standard
 
Exports rose 12.4% in May over the previous year, the sharpest rise in 6 months, helped by a weaker rupee, government data showed on Wednesday.

Exports in May reached $28 billion, data released by the Ministry of Commerce and Industry showed.

However, the trade deficit stood at $11.23 billion, up from $10.09 billion in April.

Imports rose to $39.23 billion compared to $35.7 billion in the previous month.

Gold imports dipped sharply by 72% in May to $2.19 billion year-on-year.
Exports rise 12.4% in May in sharpest rise in 6 months | Business Standard

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