Team Blitz India
NEW DELHI: India’s merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data.
Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.
Imports also increased by 7.7 per cent to $ 61.91 billion in the month under review from $57.48 billion in May 2023 due to an increase in crude oil imports.
Oil imports rose by 28 per cent to $ 20 billion in May. It was up by 24.4 per cent during April-May 2024-25 to $ 36.4 billion.
The previous high in the deficit was recorded in October 2023 at $ 31.46 billion.
