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India records $28 billion trade deficit in May; softer oil prices may ease pressure: Report
India’s merchandise trade deficit stood at $ 28.21 billion in May 2026, with lower crude oil prices and higher duties on gold imports likely to ease pressure on the import bill in the coming months, according to a report by Dolat Capital cited.
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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.
