India’s exports hit record in FY19, surpass earlier FY14 peak

India’s exports hit a new high of $331 billion in the last financial year, but higher imports pushed up the trade deficit. This is despite Despite single-digit growth. In March, as 20 of the 30 major product segments saw higher shipments, exports expanded 11 per cent to reach $32.5 billion, the highest in a month in recent years. In fact, the growth in March was the fastest increase in five months, helping the government scale a new peak during the fifth year of its term.