India's trade deficit rose to a 10-month high of 11.23 billion dollar in May this year even as exports grew by 12.4 per cent on improvement in the global demand. Trade deficit, the difference between earnings from exports and outflow on account of imports was 10.09 billion dollar in the previous month. It was, however, lower than 19.37 billion dollar in May 2013. Trade Data released by the Minsitry of Commerce and Industry said that exports during May increased to 28 billion dollar due to the healthy growth in key sectors like engineering, petroleum products and garments. However, imports dipped by 11.4 per cent at 39.23 billion dollar. It said, gold imports in May dipped by 72 per cent to 2.19 billion dollar, as against 7.7 billion dollar in May last year.Talking to reporters after releasing the export figures in New Delhi this morning, Commerce Secretary Rajeev Kher said, the figures in May are encouraging.In April-May, first two months of the 2014-15 fiscal, exports grew by 8.87 per cent to 53.63 billion dollars. Imports during the period dipped by 13.16 per cent to 74.95 billion dollars