The deficit, the difference between exports and imports, was $14.62 billion in May 2018.
PTI
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India's exports grew by 3.93 per cent to $30 billion in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering, according to a commerce ministry data released June 14.
Imports too rose by 4.31 per cent to $45.35 billion, widening the trade deficit to $15.36 billion in May.
The deficit, the difference between exports and imports, was $14.62 billion in May 2018.
Oil imports rose by 8.23 per cent to $12.44 billion and non-oil imports expanded by 2.9 per cent to $32.91 billion during the month under review.
Gold imports rose by 37.43 per cent to $4.78 billion.
Cumulatively, exports in April-May 2019-20 was up by 2.37 per cent to $56 billion. Imports rose by 4.39 per cent to $86.75 billion, registering a trade deficit of $30.69 billion.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.First Published on Jun 14, 2019 07:55 pm
