Exports up 12.4% to $28b; trade deficit at $11.23b in May

Tags: Exports, Economy
India's trade deficit jumped to $11.23 billion in May even though exports witnessed strongest growth in 6 months.

Trade deficit, the difference between earnings from exports and outflow on account of imports, rose to $11.23 billion in May, from $10.09 billion in the previous month. It was however lower than $19.37 billion in May 2013.

Exports grew by 12.4 per cent in May to $28 billion, whereas imports dipped by 11.4 per cent at $39.23 billion.

The export figures in May are "encouraging", Commerce Secretary Rajeev Kher told reporters here.

In April-May, first two months of the 2014-15 fiscal, exports grew by 8.87 per cent to $53.63 billion. Imports during the period dipped by 13.16 per cent to $74.95 billion.

Gold imports in May dipped by 72 per cent to $2.19 billion, as against $7.7 billion in May 2013.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • But what’s the big deal about Modi’s first hundred days?

    That Indians believe more in symbolism than substance is a fact that is well acknowledged and chronicled.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

West Asia turmoil worries east Asia

From Beijing to Jakarta, from Manila to Tokyo, east Asian ...

Purnendu Ghosh

Memory is a collage of the old and new

We are all fitted with pressure valves. Some of us ...

Shona Adhikari

The enduring legacy of <em>The Last Supper</em>

This week’s column features a work of art that is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture