Comments
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 jewellery.
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 with $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.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.