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India's exports grow strongly in May

May exports rose 12.4% from a year earlier to $28 billion after a 5.3% increase in April, trade ministry officials said Wednesday. Imports fell 11.4% to $39.23 billion. As a result, India's trade deficit narrowed to $11.23 billion from $19.37 billion a year earlier, although it was wider than April's $10.1 billion.