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India's year-on-year exports register 20.18% growth in May 2018

In May 2018, India's exports rose to $28.86 billion from $24.01 billion worth of merchandise shipped out during the corresponding month of last year

Edited by: India TV Business Desk, New Delhi [ Updated: June 15, 2018 23:54 IST ]
India's year-on-year exports up 20.18% in May

India's year-on-year exports up 20.18% in May

India's exports during May 2018 rose by 20.18 per cent to $28.86 billion from $24.01 billion worth of merchandise shipped out during the corresponding month of last year, official data showed on Friday.

According to data released by the Ministry of Commerce and Industry on Friday, petroleum products, organic and inorganic chemicals and drugs and pharmaceuticals showed a high export growth rate.

"Non-petroleum and non-gems and jewellery exports during May 2018 were valued at $19.94 billion as compared to $17.51 billion during May 2017 exhibiting a positive growth of 13.85 per cent," the ministry said in a statement.

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