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Update: India's Goods, Services Exports Rise 15.8% in May

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(Updated to add services export value)

India's total exports of goods and services increased 15.8% year over year to an estimated $82 billion in May, according to data released by the Commerce Ministry on Monday.

Of the total, merchandise exports rose to $45.2 billion in May from $38.3 billion a year earlier, while services exports increased to $36.76 billion from $32.46 billion.

Meanwhile, total imports rose 19.2% to an estimated $92.5 billion, resulting in a trade deficit of $10.5 billion, compared with $6.8 billion a year earlier.

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