Indias exports jump by 12.4 percent in May New Delhi, June 11: Indias exports jumped by 12.4 percent to $27.99 billion in May, the sharpest rise in six months helped by a weaker rupee, government data showed on Wednesday. Exports had increased by 5.26 percent to $25.63 billion in April year-on-year. A weaker rupee had its impact on imports also which fell by 11.41 percent to $39.23 billion in May, according to data released by the ministry of commerce and industry here. However, trade deficit widened to $11.23 billion in May from $10.08 billion recorded in the previous month. Cumulative value of exports for first two months of the current financial year stood at $53.63 billion, which was 8.87 percent higher than $49.26 billion recorded in the corresponding period last year. newsbharati//Encyc/2014/6/11/123922.aspx
Posted on: Wed, 11 Jun 2014 11:22:17 +0000
Trending Topics
Recently Viewed Topics
© 2015