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Goods exports at record $45billion in May, imports at 7-month high
NEW DELHI: Goods exports rose 18% in May to a record $45.2 billion, driven by higher oil prices and restoration in supply chains and shipments to West Asia near last year’s level. With imports rising 20.5% to a seven-month high of $73.4 billion, trade deficit widened to $28.2 billion in May.
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economictimes.indiatimes.com
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…
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thehindubusinessline.com
Exports up 18% to $45.2 billion in May
Imports, too, grew 20.62% to $73.41 billion in May, leaving a trade deficit of $28.21 billion.
