India’s merchandise trade deficit in May stood at $21.88 billion, amid the country actively pursuing Free Trade Agreements, the government said on Monday. The trade gap narrowed from $26.42 billion in April.
As per a Reuters poll, economists had expected the May trade deficit to be around $25 billion.
The merchandise exports in May 2025 stood at $38.73 billion, down from $39.59 billion in May 2024. Meanwhile, imports stood at $60.61 billion as against $61.68 billion YoY.
(More to come)
