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Preliminary Trend: India`s May exports rise to over $32 bn
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India's merchandise exports in May 2021 rose to $32.21 billion, higher by 67.39 per cent over $19.24 billion in May 2020, the preliminary official data showed on Wednesday.
Besides, exports last month recorded a 7.93 per cent growth over $29.85 billion in May 2019.
The country's merchandise exports in April 2021 had risen to $30.63 billion.
Similarly, India's merchandise imports in May 2021 were $38.53 billion, with an increase of 68.54 per cent over $22.86 billion in May 2020.
However, imports declined by 17.47 per cent over $46.68 billion in April 2019.
Consequently, trade deficit in May 2021 was $6.32 billion, which increased by 74.69 per cent over trade deficit of $3.62 billion in May 2020.
