ALSO READGitanjali Gems unit Nakshatra files papers for IPO Gitanjali Gems unit Nakshatra files papers for Rs 650-cr IPO Exports up 20% in Apr; trade deficit widens to over $13 bn Exports jumps 27.6% in Mar;trade deficit swells to USD 10.4 bn Exports jump 27.6% in Mar;trade deficit swells to USD 10.4 bn
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.
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