India’s merchandise exports recorded around 15% growth during April-May of the current financial year despite continuing global economic uncertainties, a senior government official said on Monday as reported PTI.The commerce ministry is scheduled to release the country’s trade data for May on June 15.“During the two months, exports are up by 15 per cent,” the official said.The strong performance follows a robust start to the fiscal year in April, when merchandise exports rose 13.78% year-on-year to $43.56 billion, the highest monthly outbound shipments recorded in more than four years.The increase in April exports was driven largely by petroleum product shipments amid a surge in global crude oil prices.However, higher imports also pushed the country’s trade deficit to a three-month high of $28.38 billion during the month.
