New Delhi: India's exports grew by 3.93% to $30 billion in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering, according to a commerce ministry data released Friday.
Imports too rose by 4.31% to $45.35 billion, widening the trade deficit to $15.36 billion in May. The deficit, the difference between exports and imports, was $14.62 billion in May 2018.
Oil imports rose by 8.23% to $12.44 billion and non-oil imports expanded by 2.9% to $32.91 billion during the month under review. Gold imports rose by 37.43% to $4.78 billion. Cumulatively, exports in April-May 2019-20 was up by 2.37% to $56 billion. Imports rose by 4.39% to $86.75 billion, registering a trade deficit of $30.69 billion. n the vessels.