New Delhi, June 15: Accounting a healthy growth in the major sectors of chemicals, pharmaceuticals and engineering, India has witnessed a boom in exports by 3.93 per cent to Rs 2,09,280.62 crores in May 2019.
The data released by the Centre has also revealed an exhibiting positive growth of 4.32 per cent in the overall import segments combining of the goods and services.
“Exports including re-exports for the corresponding month last year measured Rs 1,94,928.45 crores, registering a positive growth of 7.36 per cent this year”, the statement said. “However imports”, it added, “for the month of May 2018 were Rs 2,93,660.48 crore which increased to Rs 3,16,448.93 crore, which grew by 7.76 per cent”.
As per the latest RBI release dated 14th June, the exports quantum in the month of April this year was Rs 1,25,399.77 crore. The trade deficit meanwhile stands estimated at USD15.36 billion as against the deficit of USD 14.62 billion in May 2018 for the merchandise sector while the overall trade deficit for April-May 2019-20 remains estimated at USD 17.42 billion.