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May Trade Deficit Narrows to $21.88 Billion on Lower Imports
Hindustan Times Jammu
|June 17, 2025
India's merchandise trade deficit narrowed sharply to $21.88 billion in May, on account of lower imports, government data released on Monday showed.
NEW DELHI:
The trade deficit was lower than the $25 billion expected by economists in a Reuters poll, and below April's deficit of $26.42 billion.
"Lower imports resulted in trade deficit reducing more than expected. Weakness in exports persists, reflecting uncertain global demand due to tariffs and softer commodity prices," said Gaura Sen Gupta, chief economist at IDFC First Bank.
Denne historien er fra June 17, 2025-utgaven av Hindustan Times Jammu.
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