May exports jump by 57% to $25.9 bn on demands by Western markets

India's exports grew by an impressive 56.9 per cent 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 per cent 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 said.

During April-May, exports increased by 45.3 per cent 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 per cent to $73.7 billion. The trade deficit during the period stood at $23.9 billion.