India's exports grew by an impressive 56.9% to $25.9 billion year-on-year in May on account of increasing demand from the Western markets.
Imports, too, went up by 54.1% to $40.9 billion, leaving a trade deficit of $15 billion. "This is the highest imports figure in the last four years," Commerce Secretary Rahul Khullar told reporters here.
During April-May, exports increased by 45.3% to $49.8 billion. "Good run of exports are continue," Khullar added.
Imports during the first two months of the current fiscal grew by 33.3% to $73.7 billion. The trade deficit during the period stood at $23.9 billion.
