By Saurabh Chaturvedi
India's exports grew in May, government data showed Friday, possibly easing policy makers' concerns that the country's export growth could be dragged down by global trade tensions.
Exports rose 3.93% from a year earlier to $29.99 billion, stronger than April's 0.6% increase, the figures showed.
Imports increased 4.31% to $45.35 billion, and the trade deficit in May stood at $15.36 billion compared with $14.62 billion in the year-ago period.
The data could bring some relief to policy makers concerned over the prospect of weak Indian exports growth against a backdrop of simmering U.S.-China trade tensions that threaten to hurt global growth and demand.
Write to Saurabh Chaturvedi at firstname.lastname@example.org