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Exports up 8% at 24 bn in May; trade deficit widens to $14 bn

Press Trust of India  |  New Delhi 

India's grew by 8.32 per cent to USD 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as and jewellery.

too jumped 33.09 per cent to USD 37.85 billion last month from USD 28.44 billion in May 2016, according to the data released by the commerce ministry.



A huge jump in gold pushed up the trade deficit to USD 13.84 billion during the month under review from USD 6.27 billion a year ago.

The of the precious metal rose 3-fold to USD 4.95 billion in May compared to USD 1.47 billion in the same month last year.

in April-May increased by 13.83 per cent to USD 48.64 billion. during the period up by 40.63 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Exports up 8% at 24 bn in May; trade deficit widens to $14 bn

India's exports grew by 8.32 per cent to USD 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 USD 37.85 billion last month from USD 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 USD 13.84 billion during the month under review from USD 6.27 billion a year ago. The imports of the precious metal rose 3-fold to USD 4.95 billion in May compared to USD 1.47 billion in the same month last year. Exports in April-May increased by 13.83 per cent to USD 48.64 billion. Imports during the period up by 40.63 per cent. India's grew by 8.32 per cent to USD 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as and jewellery.

too jumped 33.09 per cent to USD 37.85 billion last month from USD 28.44 billion in May 2016, according to the data released by the commerce ministry.

A huge jump in gold pushed up the trade deficit to USD 13.84 billion during the month under review from USD 6.27 billion a year ago.

The of the precious metal rose 3-fold to USD 4.95 billion in May compared to USD 1.47 billion in the same month last year.

in April-May increased by 13.83 per cent to USD 48.64 billion. during the period up by 40.63 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Exports up 8% at 24 bn in May; trade deficit widens to $14 bn

India's grew by 8.32 per cent to USD 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as and jewellery.

too jumped 33.09 per cent to USD 37.85 billion last month from USD 28.44 billion in May 2016, according to the data released by the commerce ministry.

A huge jump in gold pushed up the trade deficit to USD 13.84 billion during the month under review from USD 6.27 billion a year ago.

The of the precious metal rose 3-fold to USD 4.95 billion in May compared to USD 1.47 billion in the same month last year.

in April-May increased by 13.83 per cent to USD 48.64 billion. during the period up by 40.63 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22