India's May trade deficit rises 11.3% to $11.23bn; in line with estimates

India Infoline News Service | Mumbai |

The trade exports increased to 12.4% to $28 billion in May from $23.63 billion in April, while imports also reported a rise of 9.8% to $39.2 billion from $37.7 billion

India's trade deficit data rose 11.3% to $11.23 billion in the month of May from $10.09 in April 2014, according to the government data.
The trade exports increased to 12.4% to $28 billion in May from $23.63 billion in April, while imports also reported a rise of 9.8% to $39.2 billion from $37.7 billion, the data added.
According to the trade secretary, April trade deficit has widen on a MoM basis and May trade deficit is in line with estimates.
Exports reported a healthy growth. The export data is encouraging and hope it sustains, trade secretary said.
Exports are acquiring their natural levels. However, rupee is not a factor contributing to exports growth, he further said.
The country's April-May exports increased 8.9% yoy to $53.6 billion from $49.2 billion.
During the same period, the country's imports declined 13.2% yoy to $74.9 billion from $86.3 billion.


 

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