India’s overall exports in May rise 24% year-on-year

New Delhi, June 15 : Indias overall exports in May, merchandise and services combined, were estimated to be worth $62.21 billion, exhibiting a positive growth of 24.

03 per cent over the same period last year, an official statement said on Wednesday.Breaking it up, the merchandise exports in May were at $38.94 billion, as compared to $32.30 billion in May 2021, and the estimated value of services export is $23.28 billion, as against $17.86 billion in the same month last year.During April-May, the first two months of FY23, Indias overall exports were estimated to be worth $124.59 billion, up 25.90 per cent over the same period last fiscal.On the contrary, the overall imports in May were estimated to be $77.65 billion, exhibiting a positive growth of 59.19 per cent over the same period last year, while the overall imports in April-May were at $151.89 billion, up 45.44 per cent year on year.ad/dpb #Indias #Delhi #Delhi #New Delhi .