India's exports grew by 12.9 per cent in May 2008 to $13.78 billion, compared to $12.21 billion in the same month last year.
Imports during the month grew by 27.1 per cent to $24.54 billion, leaving a trade deficit of $10.76 billion, according to government data released on Tuesday.
Exports during April-May in the current fiscal stood at $28.18 billion, up 21.7 per cent from $23.16 billion, while imports for the first two months of the 2008-09 fiscal rose by 31.7 per cent to $48.82 billion.
Oil imports in May grew by 50.8 per cent and stood at $8.46 billion, compared to $5.61 billion in the year-ago period.
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