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India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow
India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of Hormuz. Consequently, global crude oil prices should moderate. This will ease pressure on India's import bill and help control inflation. Exporters anticipate a trade rebound with the Gulf region.
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economictimes.indiatimes.com
US-Iran peace deal may help boost India's exports, stabilise rupee
A peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's exports to West Asia. It will also help…
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India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow
India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of…
