Analysis

Despite High Exports, Trade Gap Reaches Highest Point of Six Months: Commerce Ministry

Imports too rose by 14.85 per cent to $43.48 billion during the month, according to the data released by the commerce ministry. India’s exports grew 20.18 per cent to $28.86 billion in May — the highest in six months, even though the trade deficit widened to a four month high of $14.62 billion.