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India's Exports Up 2.8% in May; Trade Gap Narrows
The Business Guardian
|June 17, 2025
India's exports rose steadily in May 2025, driven by strong services growth and narrowing the trade deficit despite a dip in merchandise exports.
India's overall exports, merchandise and services combined, in May were reported at USD 71.12 billion, marking a 2.77 percent rise on a yearly basis, data from the Union Commerce Ministry showed on Monday. The total exports in May 2024 were pegged at USD 69.20 billion. Exports of merchandise goods declined from USD 39.59 billion to USD 38.73 billion, and exports of services rose from USD 29.61 billion to USD 32.39 billion during May 2025. India imported goods and services worth USD 77.75 billion, down from USD 78.55 billion in the same month last year. The trade deficit in May narrowed to USD 6.62 billion from USD 9.35 billion same month last year.
This story is from the June 17, 2025 edition of The Business Guardian.
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