Why Trade deficit widens in India despite exports growing faster than imports in May India’s goods exports grew 9.1% to $38.13 billion in ...
Why Trade deficit widens in India despite exports growing faster than imports in May
India’s goods exports grew 9.1% to $38.13 billion in May, while imports rose 7.7% to $61.91 billion, Commerce Secretary Sunil Barthwal said on Friday, stressing that things are looking “more optimistic for foreign trade this year”
India's merchandise trade deficit widened to a seven-month high of $23.78 billion in May due to burgeoning imports, particularly of petroleum, vegetable oils, and transport equipment
Petroleum products, which constitute nearly 32 per cent of India’s imports, grew 28 per cent to $19.95 billion
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