Exports Increased Again to USD 32.27

In May, India’s exports increased by 69.35% and reached 32.27 billion. The major reason behind this upsurge is the continuous growth in the sectors like Petroleum, Gems & Jewellery & Engineering but the Trade deficit is widening. India’s imports in May 2020 & May 2019 were at USD 22.2 billion & USD 46.68 billion respectively. The trade deficit in May 2020 was at USD 3.15 billion. The rise of exports are due to many reasons.