India's Export, Import Fell In May, Trade Deficit Rises To 5 Months High

2023 • 4min • News • Business


Published On: June 16, 2023 - In May, India experienced a continuation of its downward trend in merchandise exports, marking the fourth consecutive month of contraction. The subdued external demand, resulting from a slowdown in its major markets, played a significant role in this decline. Last month, exports witnessed a year-on-year decrease of 10.31 percent, amounting to $34.98 billion.