TT Epaper
The Telegraph
CIMA Gallary

Exports up in May, but trade gap widens

New Delhi, Jun 11(PTI): India's trade deficit widened to $11.23 billion in May even though exports witnessed their strongest growth in six 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.

 More stories in Front Page

  • Fund threat to literacy centre
  • Exports up in May, but trade gap widens
  • JDU sees cash conspiracy
  • Jaitley ignores V.K. Singh's tweet, says appointment of Gen Dalbir Singh as Army Chief final
  • Jarring note on demolition
  • Before BJP serial, a friend stands out
  • Congress demands dismissal of V.K. Singh from ministry over tweet
  • Jaitley asks his ministry to explain court statement on Gen Singh, now a fellow minister
  • Rajat Gupta moves US Supreme Court in last-ditch effort to avoid jail
  • Just arrived, from Gujarat
  • Nifty tops 7,700 for first time, Sensex at new high on fund inflows
  • Another child horror story
  • Gogoi parries crisis poser
  • Knock-knock season in Bengal