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India posts $2 billion current account deficit in May as trade gap widens
India experienced a significant current account deficit of $2 billion in May 2026, primarily driven by a surge in merchandise imports that greatly expanded the trade deficit from the previous year. Although net services exports remained stable and net transfers bolstered the economy somewhat, the month saw considerable outflows in foreign portfolio investments, leading to an overall balance of payments deficit and a reduction in foreign exchange reserves.
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economictimes.indiatimes.com
India's June trade deficit jumps 59% YoY to $30.43 bn
India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June…
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newsbytesapp.com
India's trade deficit widens to $30.4B in June
India's trade deficit expanded to $30.43 billion in June, up from $28.21 billion in May, driven by a 15.5% year-on-year rise in goods exports to $40.41 billion.
