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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. Imports during the period up by 40.63 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 19:07 IST