In April, the merchandise trade deficit was $15.24 billion. While services exports stood at $25.30 billion, imports were estimated at $13.53 billion in May, as per the Government. The overall trade deficit (goods and services) narrowed to $10.35 billion in May as against $12.20 billion in the corresponding month of the last year. NEW DELHI: The merchandise trade deficit widened to a five-month high of $22.12 billion in May as goods exports declined 10.3% year-on-year to $34.98 billion, the government data showed. The overall trade deficit (goods and services) narrowed to $10.35 billion in May as against $12.20 billion in the corresponding month of the last year.

Source: Indian Express June 16, 2023 04:05 UTC